“Having oil about $70 I think is somewhat of a threat overall but for natural resources it is a wonderful thing”

As consumers turn to air conditioners for relief from high temperatures and set off on summer road trips, it might appear that America’s appetite for natural resources hasn’t ebbed although oil prices have generally been quite high during the past year.

Wall Street, with its own hunger pangs for profits, seems to agree. While some investors might be concerned that rising energy prices could fan inflation and hurt consumer spending, many also apparently see opportunity in natural resources mutual funds. Read more

Original post by The Associated Press