It's more important now than ever to uncover the shady, self-serving tactics of Big Oil. We're on the brink of another financial crisis, and oil companies are about to release earnings for the second quarter.
Oil prices have averaged well over $100 a barrel in April, May and June... And that's just West Texas crude prices. Internationally, Brent crude has averaged more than $117 for the second quarter.
These kinds of prices mean another banner earnings report for Big Oil companies.
I'm not saying these companies don't have a right to make a profit. They do... but when it comes to twisting the rules and regulations around their industry, these guys are experts. And yet, every step outside of those lines causes economic and environmental damage. We're even fighting wars over this stuff!
That's why this week was all about oil.
Here's what we found.
P.S. Our first podcast was a hit! Listeners learned how to get Uncle Sam to pay their mortgage... and nobody went to jail. You can still listen in and subscribe for free by clicking here.
This week, Smart Investing Daily's own Jared Levy is in the batter's box. As one of Wall Street's brightest and most-successful options guru, you do not want to miss his unique breakdown of the week's market action.
Make sure to tune in this Friday!
Even Small Oil Is Shady
Monday, I told you about how Transocean, Inc. (RIG:NYSE) has been trying to get out from under the taint of negligence from the Deepwater Horizon explosion last spring. Eleven people were killed in that explosion, and 5 million barrels of oil flooded into the Gulf of Mexico.
It was the worst oil spill in our history, and RIG is trying to get out of paying one dime toward all the environmental damage the spill has caused. Here's the story in Smart Investing Daily.
How to Capture Gains From China's New $12 Trillion Oil Source
We've "planted a spy" inside China's new, $12 trillion "oil colony."
Not only can he tell you the location of this massive oil source -- he could show you how to book lucrative gains in the next 6 months.
Apple Could Crash on July 19
On Tuesday, Jared warned you about a possible pullback in Apple, Inc. (AAPL:NASDAQ) no matter what the company earns in the second quarter. June 19, 2011, Apple reports its earnings, and Jared found an interesting anomaly in its share prices.
Before earnings, investors bid up Apple's price, but right after, prices take a dive... even if earnings exceed expectations. Read more about this anomaly in Tuesday's Smart Investing Daily.
An Interview With Barbarians of Oil Authors
Wednesday, Andy Snyder, editorial director and editor of Taipan Insider, stepped in to interview the authors of Barbarians of Oil, Sandy Franks and yours truly. Want to know why the government stopped building wind farms? Or where the idea of "nationalization" really came from?
Read the full interview in Wednesday's Smart Investing Daily... What you'll learn will change the way you think of oil and oil companies.
How China Ripped Off the World -- and the Devastating Consequences It Could Have on Your Retirement
China's growth was a lie, a global scam to rip off the world. The whole thing is about to collapse around them -- and it's going to take your retirement with it.
Unless you act immediately.
U.S. Debt Default Getting Closer and Closer
There are only 17 days until the U.S. defaults on its debt obligations, and it would seem like we're no closer to reaching a deal on the debt ceiling than we were five months ago. Things are coming down to the wire, and even the credit rating agencies are warning of downgrades.
Both Moody's and Standard & Poor's say they will downgrade the U.S.'s credit rating on Aug. 2 if we default. It's a real possibility. Thursday's Smart Investing Daily explores what a default means for you, and how you can protect yourself.
An Important Letter From Sandy Franks...
Oil prices climbed higher again on Friday, back above $97 a barrel. Instead of our regular Friday article, I wanted to share with you a very important letter from our executive publisher, Sandy Franks. High oil prices are a weapon on their own. They don't need the political backing of an angry country to wreck our economy.
That's just what they're doing. And Big Oil is happily profiting from all the oil-friendly government policies with our financial stability crashing around us. So read Sandy's call to action, and see what you can do about high and dangerous oil prices.
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