5 Stocks for the New Oil Reality

The first two months of 2006 should end any dreams that oil will drop below $50 anytime soon. They make a good case that the new price range for oil is between $55 and $70 a barrel…..

There may indeed be, as the oil bears argue, a risk premium of about $10 a barrel in the current price of oil. In a world at peace, speculators and traders wouldn’t be able to use fears of a supply disruption to drive oil prices so high. But those who believe oil prices should be lower keep getting slapped around by the world as it is. The risk premium in oil looks very, very permanent.
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