The increase in daily crude oil prices is having an enormous impact on the local, national and global economy. Businesses that rely on transporting goods are passing higher costs onto the consumer. However, the current price of crude oil has caused an influx of jobs in the oil industry such as global construction of pipelines, locating new sources of oil and drilling. Businesses that produce goods and services that cater to the oil industry are profiting as well as companies that produce instruments that can detect new oil sources and makers of drilling and refining equipment.

There's an incentive to produce alternative fuel sources to decrease dependence on crude oil and its by-products. The creation of green jobs is pushing large oil companies to produce vehicles with higher fuel efficiency or invest their profits in creating alternative fuel sources. Business investors, financial advisors and small business money managers are purchasing stock, investing in mutual funds in oil and reaping huge profits every time the price of crude oil rises. Key points an investor must consider include:

1. Evaluating world crude oil prices before investing in cutting edge companies.

2. Thoroughly researching investment opportunities and stock choices in oil companies.

3. Knowing the risks associated with big and small oil companies and stock in oil derivatives.


Action Steps
The best contacts and resources to help you get it done

Tips & Tactics
Helpful advice for making the most of this Guide

• Capitalize on the current price of crude oil by purchasing stock in one or both of the biggest oil companies, Exxon Mobil or ConocoPhillips.
• It's riskier to invest in small start up companies that operate as an offshoot of larger oil suppliers or refineries.