The End of Easy (Money in) Oil 
Oil hits $140 and could be going to $200. Buy oil stocks. Oil goes up, oil stocks go up too, right? Actually, that statement couldn't be further from the truth. Take a look at the chart of Western Refining (WNR:NYSE), a company that refines oil into gasoline and other petrochemical products. High oil prices have been disastrous for WNR. Rising oil and gasoline prices were a boon to Western's profits. Earnings from its refining operations grew at a near triple-digit rate in 2007. But when oil prices headed too high, the cost of buying oil started to drag down profits, and Western's share value evaporated as fast as its earnings did. When oil prices get too high, many subsectors of the oil and energy industry suffer. The end of easy oil means the end of making easy money in oil. For safety and upside, stick to the oil service companies that help other oil companies find and produce more oil. They'll always be in demand, regardless of how high oil prices go. Good investing, Andrew Mickey
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