oil stocks

[ni-co]

I'd put it into XOM or similar stocks I guess. I think there is still a huge blood bath to be had in the oil industry – a blood bath which the very large multinationals will survive and from which they will come out stronger than before. That said, I think you need to be very patient. Only after Blackstone & Co. will have gotten killed with their oil funds there can be real consolidation. The bad loans in the industry will have to be written down in the end.