From the Wealth Daily Profit Letter 10/05/06
The next oil spike has officially begun!
Dear reader:
I hate to tell you this, but somebody has to.
You've been duped!
That's right. Not only have you been duped... but you also have been played for a sucker.
That's because today's price of gasoline is nothing but a mirage. A temporary sedative that's now allowing OPEC to do exactly what they've always done - manipulate the price at the expense of their number one customer...and their #1 enemy!
It's no secret that OPEC nations are nothing more than a who's who of anti-Western forces.
And now that the price of oil has dropped more than 25% in the past 19 weeks - they're aligning their forces once again.
The first order of business - cut production... and cut it fast!!!
While consumers happily pay $2.30 at the pump, OPEC has already lit the powder keg.
Take a look...
Friday, September 29, 2006 - Venezuela announced it will reduce oil output by 50,000 barrels a day, and Nigeria announced a 5% cut in its oil exports.
Sunday, October 1, 2006 - Iran tells the world that it will support any effort by OPEC members to solidify the oil market and 'return prices to acceptable and logical levels'.
Tuesday, October 3, 2006 - OPEC President calls on OPEC countries to make deeper output cuts.
Wednesday, October 4, 2006 - Kuwait announces that it's considering following Venezuela and Nigeria in cutting production, and Saudi Arabia revealed that it would "work with OPEC to bring oil prices to a 'reasonable level'."
Thursday, October 5, 2006 - OPEC's president announces that the group is now considering an emergency meeting to discuss the possibility of cutting output. The same day, Saudi Arabia agrees to lower production by 300,000 barrels per day in order to help 'prop up prices'.
Oil prices are going right back up to where they were this past spring. OPEC will see to that!
And when they do, you're going to see yet another influx of select alternative energy stocks that'll soar in the wake of OPEC's output cuts.
You see, those who cashed out of many of these stocks before the correction...with huge gains, are quietly moving their millions right back to where they were before the price of oil plummeted.
