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Keith Fitz-Gerald of Money Map Press breaks down how to make money off the commodities pullback.
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-- wanna stay on gas prices and joining the company from Portland Oregon that Keith it's John good money -- -- but the last question please.
What I'm gonna ask you let how I'll make money out of this that I want to -- you to tell me why is gas coming down now.
Well Europe's going up in flames potentially again people running to the dollar oil is priced in dollars.
-- -- you know that run the other way so that's really what's happening to look at it as simple as that now I wanna know how to make money out of its you tell -- Very very simple here we use 20% of the world's oil we produce 2% this is like trying to -- the biggest piece of pipe that -- you're gonna have to pay more.
This is not gonna stay down for a long I think what you wanna do is -- -- -- shift away from the underlying commodity risk and you wanna go with the things are consistent.
That means looking at pipelines in my mind two of my favorites are Kinder Morgan.
In Enbridge out of Canada.
They're like whole wrote I don't care what happens the price of gasoline I don't care what happens the price of oil what I care about is the stability of -- something in a pipe charging a poll fort unloading at the other -- getting paid -- are very -- that's what can the Morgan -- right -- -- and operates pipelines that there -- told house.
-- told -- take a basically.
That's right and I think again you know for individual investors right now the key is getting away from the uncertainty of commodities.
Oil is only gonna go up the world is using more we may be using less of it here but the rest the world is using more than the -- -- the diminished capacity we're using here.
That to me says it's like the last thing in the grocery store a lot of people want it.
The price the X gonna go up cause you know that yesterday the House of Representatives voted in favor of going ahead and pushing fall of the Keystone Pipeline that doesn't make any difference to you -- to -- and the other -- and -- the Morgan right.
No it doesn't actually makes it more efficient because again.
Yeah we're using 20%.
Of the world's oil but were only producing 2% of that we've got to move it more efficiently in this country.
You combine that with the fact that 51% of the refinery capacity on the East Coast escalated to be shut down by these oil companies who find -- -- Refining isn't unprofitable business.
It's only gonna get more expensive tonight we hear you.
To what it was just as I wanna tell him to tell me again can double -- and -- bridge correct.
That's correct product we'll check come out and we'll have you back and we'll see how they do all right thanks so much a.
