I noticed something strange during my recent travels across the Atlantic…
Despite the turmoil in Europe, the economies of countries like Norway, Denmark, Sweden and Finland still look pretty good.
People are spending, real estate is thriving, construction abounds…
On the other hand, gasoline prices are through the roof!
In most of Europe, gas now averages between $7 and $9 per gallon. In Scandinavia and Northern Europe, I saw prices as high as $10 per gallon!
You’d think these prices would make spending a little tighter, the economy a little slower. Not so in Scandinavia, where consumers continue to fill up their tanks even while guzzling $8 lattes!
Strange indeed, as that certainly wouldn’t be the case on this side of the Atlantic. Despite what my colleague, Matthew Weinschenk believes, double-digit gas prices would crush economic growth in the United States.
After all, we cringe when prices move past $3 per gallon. And when prices head over $4, we demand that a new President take office!
So lucky for us, the media’s overhyped prediction that consumers would be paying $6 or more per gallon once summer hit didn’t happen.
Indeed, the opposite has turned out to be true.
Just a month ago, the price for a gallon of gas in California reached $5. But today, prices appear to be headed below $3 per gallon, even in the middle of summer – the season of highest demand.
That’s good news for the U.S. economy, as a 30% drop in gas prices is equivalent to a massive tax cut which should, in turn, stimulate spending as we head into the next quarter.
But it’s even better news for investors who understand volatility. Here’s why…
Make a Mint on a Volatile Oil Market
Today’s low fuel price is setting us up for a massive opportunity to profit – by zeroing in on rampant volatility in the oil market.
You see, demand for oil is elastic. When oil prices move higher, demand falls – and vice versa. As a result, oil price volatility is very common. In fact, it experiences more volatility than any other commodity.
In other words, today’s low oil prices – and any spike in the economy that comes with it – are only temporary.
Hell, the price of oil could jump $20 in a month if the market begins to price in higher growth in the United States or China, or if there’s even a hint at a solution to the eurozone crisis.
The problem is that oil stock investors tend to be very shortsighted about this, choosing to focus on today’s headlines instead of any long-term price swings.
But for those of us willing to look beyond today’s headlines, there’s a huge opportunity to cash in.
Forgive me if I’m being vague right now. But I’m just finishing up my full report on this opportunity, which will be sent to WSD Insider subscribers this Friday. So I can’t reveal much more here.
I can say that the opportunity lies deep in the North Atlantic and has the potential to hand you double-digit gains by the end of the year, while paying you a fat dividend.
In the process, it’ll also offer you some refuge in what’s arguably the strongest currency in the world.
To receive all of my research on this opportunity on Friday, July 6, simply upgrade your subscription to WSD Insider now.
Ahead of the tape,