Despite severe economic turmoil, demand for oil is rising significantly—in fact, it will land somewhere in the range of $150 to $157, according to Roger Wiegand, editor of Trader Tracks. In this exclusive interview with The Energy Report, Wiegand takes a close look at the untamed commodities bull and names some of his favorite buys.

The Energy Report: How does you think oil will play out in current economic scenario?

Roger Wiegand: The big sell-off during the past month or two was triggered when the funds bailed out. Roughly 50% of the CRB—the commodities index—is in oil. When oil moves, it moves the index. The sell-off brought oil down from a high of $147 to roughly $90. It bounced back up to $108 to $110; $108.50 is a good support and resistance level for oil today. The next price up should be $112.50, then $122.50, followed by a couple of more …

Crude oil prices have been highly volatile this. From its $146 peak in July, the black goo is down at $87 a barrel.

It's a scary time to be a direct investor in oil. But Byron King says is one way of sidestepping the wild price swings: investing in tanker ships.

"As long as people continue to use oil," says Bryon, "there will be some consistency to the tanker business."

There is a relatively tight market for charters. And many good reasons why there won't be a capacity glut in coming years.

Crude oil prices have been highly volatile this. From its $146 peak in July, the black goo is down at $87 a barrel.

It's a scary time to be a direct investor in oil. But Byron King says is one way of sidestepping the wild price swings: investing in tanker ships.

"As long as people continue to use oil," says Bryon, "there will be some consistency to the tanker business."

There is a relatively tight market for charters. And many good reasons why there won't be a capacity glut in coming years.

Stocks finished mixed during a rough session that saw further declines in commodities and commodities stocks. The Dow managed to finish with a gain of 15.96 points, or 0.14%, to 11532. The Nasdaq Composite Index fell 15.51 points, or 0.66%, to 2333. The S&P 500 also declined 2.59 points, or 0.20%, to 1274.

Once again, falling crude prices and a strengthening dollar did little to comfort investors after the auto companies reported sales that slid more than analyst’s estimates and the Fed Beige Book showed increasing inflationary pressures.

General Motors (GM) saw car sales fall 20% in August year-over-year. For Ford ( F), it was even worse, falling 27%. But even the mighty Toyota (TM) wasn't spared, as it saw sales fall 9.4%. As expected truck sales were awful which hurt Ford, the maker of the popular F-Series truck, the hardest.

The Fed Beige Book painted

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Stocks finished mixed during a rough session that saw further declines in commodities and commodities stocks. The Dow managed to finish with a gain of 15.96 points, or 0.14%, to 11532. The Nasdaq Composite Index fell 15.51 points, or 0.66%, to 2333. The S&P 500 also declined 2.59 points, or 0.20%, to 1274.

Once again, falling crude prices and a strengthening dollar did little to comfort investors after the auto companies reported sales that slid more than analyst’s estimates and the Fed Beige Book showed increasing inflationary pressures.

General Motors (GM) saw car sales fall 20% in August year-over-year. For Ford ( F), it was even worse, falling 27%. But even the mighty Toyota (TM) wasn't spared, as it saw sales fall 9.4%. As expected truck sales were awful which hurt Ford, the maker of the popular F-Series truck, the hardest.

The Fed Beige Book painted

...

Stocks opened September in a bullish mood after Hurricane Gustav did not cause as much damage as feared over the Labor Day weekend in the Gulf of Mexico. Crude sold off hard to open the session which buoyed stock investors but the rally couldn't hold.

The Dow, after surging over 200 points in the morning session, finished the day down 26.63 points, or 0.2% to 11516. The Dow was dragged down by Exxon (XOM) and Chevron (CVX), both which lost over 3% during the session. The S&P 500 Index fell 5.3 points, or 0.4%, to 1277. The Nasdaq Composite Index also couldn't hold onto big early gains, losing 18.28 points, or 0.8%, to 2349.

Crude was the big story after Gustav weakened by the time he hit the Louisiana coast. Crude fell as much as 8.7% during today's session before rallying

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