How Greece Could Send Oil Prices Plunging
The following video is part of our "Motley Fool Conversations" series, in which energy editor and analyst Joel South and consumer goods editor and analyst Austin Smith discuss topics across the investing world.
With oil prices plunging close to 14% so far this month, the logical progression is to determine whether this is a correction or the start of a significant fall for the foreseeable future. In this edition, Joel and Austin discuss the current political agendas affecting the price of oil as well as the possibility of Greece exiting the euro and its corresponding effect on oil prices. They also examine energy sectors that could rise or fall depending on potential oil shocks.
A messy Greek exit from the euro could cause a huge decrease in oil demand, likely sending energy stocks plummeting to new lows not seen since 2008. One way to help protect your portfolio from such chaos would be to find healthy, long-term investments that pay fantastic dividends. Safeguard your investments by checking out this link: "Secure Your Future With 9 Rock-Solid Dividend Stocks." You can access your copy today at no cost! Just click here to discover the winners we've picked.
At the time this article was published Austin Smithhas no positions in the stocks mentioned above.Joel Southhas no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.