'Persistent profits' from oil services

Filed under: International markets, Newsletters, Mutual funds, Halliburton (HAL), Schlumberger Limited (SLB), Commodities, Oil, Stocks to Buy

The need for oil drilling services will continue even if the price of oil declines, according to Richard Lehmann. Here, in his The ETF Investor, he looks at a favorite way for investors to play this trend.

"Oil prices have a triple or quadruple price boost associated with them. The first is supply/demand dynamics, the second is the weak dollar, the third is speculative fervor and the fourth inflation fears.

"A pundit said that last year it took 65 Euros to buy a barrel of oil and today it still takes 65 Euros to buy a barrel of oil. This illustrates the effect the weak dollar is having on U.S. prices and the international price of oil.

"Inflation protection used to be the province of gold, but now it seems oil is serving a simi