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Investment 2005: Assessing the Petroleum Factor
If 2005 were a conventional economic environment, we could invest as we have in the past. Look for industry and market trends, check out the economic indicators, keep an eye on the politicians, and then – with this information in hand – evaluate individual stocks and bonds. But 2005 is not a conventional economic environment. The old rules of investing are useful, but they ignore an essential truth – petroleum has become a wild card.
February 10, 2005
