Making Money Minute with Ron Hiebert - Patience & Energy Investing

The biggest spikes in oil prices historically, have always occurred as a result of wars, embargoes, or other political tensions in the Middle East. The reason is obvious. This area produces 30% of the world’s total crude, so any disruption sends prices skyward. What isn’t so obvious, is the timing of those disruptions. Most have caught the experts and general public alike, completely unaware. Because the Middle East is so unpredictable, the best investment strategy, is to wait for a time when the world is stable, oil prices are down, and oil stocks are cheap. Simply buy, hold your nose, and wait. A Middle East crisis will eventually appear out of nowhere - pushing prices higher.

For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.