The Upshot of Obama’s Offshore Drilling Bombshell

Ethical Markets Green Prosperity, News You Need

By Sam Hopkins | Thursday, April 1st, 2010
When I heard Obama’s offshore oil drilling announcement Wednesday, I furrowed my brow a bit. Then, right away, I checked the Oil Services HOLDRS ETF (NYSE: OIH).

That index of companies, all of which bring crude oil up out of the earth, should benefit nicely from new fields in a stable geopolitical region… And sure enough, OIH gained about $2 overnight. Read more…