7 ways to invest in the oil boom

Since January, the price of oil has risen from $50 to $65 a barrel. Didn’t notice? For casual investors that’s understandable. After all, the last time this happened – back in the summer of 2005 – soaring energy costs were front-page news.

Unhappy consumers were accusing gas stations of price gouging. Oil company CEOs were pointing fingers at hedge funds. Economists predicted that $3 gasoline would tip the U.S. economy into recession. And most notable for our purposes, oil company shares went absolutely crazy: The S&P energy index rose 24 percent in four months.

CNN