Oil is something we will always need, and the demand will only get greater as people in China and India start driving cars in great masses. The world will be far too slow in adopting electric cars. Therefore, investors can make a fortune in buying small oil companies that are growing. Some good stock picks are listed on the right with links. We have a lot of oil in North Dakota, Montana, and Canada. As long as the price of oil is over $65 a barrel, these companies can be very profitable.
In spite of the great prospects for growing oil companies, there will be scary pullbacks along the way. A person needs to hold fast when there is a downturn. Since the stock market has a tendency for most stocks to move up and down together, it is useful to pay attention to how the major indexes are doing in charts. Some index chart links are on the right. If the big cap Dow index is going up while the small cap Russell 2000 is going down, we may be near a market top since the weakest stocks will start to fall first. You may want to take some profits, and then buy the good companies again when the market is finished with its correction.