In this interview with The Mining Report, Stansberry Research Editor Matt Badiali shares the secrets for finding under-appreciated commodities and companies before they become overpriced, and names his favorites.
As crude oil prices fall far below $100 a barrel, the trend is affecting the most oil-dependent economies in the world. You see, whether we're talking about a country or a company, having a "competitive advantage" is one of the most important principles.
Oil prices rose about 5% last week to finish only a dollar short of regaining triple-digit status. Since dipping below $80 per barrel on Oct. 3, West Texas Intermediate (WTI) prices have increased almost 28%.
Oil transport is specifically susceptible to piracy because about one-half of total production is moved by tankers on fixed maritime routes. The piracy surcharge tacks on $800,000 to a 2 million barrel supertanker's total shipping cost.