Oil is still hovering around $54 a barrel and oils stocks are priced assuming around $40 to $45 a barrel.  This creates a great buying opportunity for stocks like British Petroleum (BP) with a 7.7 percent dividend and ConocoPhillips (COP) with a 4.4 percent dividend. 

Until a viable alternative energy is found, we are dependent on oil.  Oil is used in countless products, from your shoes to your Tupperware... almost everything includes a something that is petroleum based.  And you know cartels are illegal in the United States for a reason... they can alter and fix prices by changing their output (supply).  The Organization of the Petroleum Exporting Countries (OPEC) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuala... and OPEC doesn't want to see cheap oil.  Their goal is a price of $75 per barrel and it's only a matter of time before this is achieved.  So buy some oil stocks that pay dividends while oil is cheap and you'd be laughing all the way to the gas station with a pocket full of cash to buy some unleaded... I would say take it to the bank, but who knows if they'll be around.


Read more about oil here.