In today's episode of Where the Money Is, analysts Joel South and Taylor Muckerman discuss Saudi Arabian oil wells and American beer.
The Islamic State (aka ISIS or ISIL) has an ultimate goal besides a violent and oppressive caliphate: Saudi Arabian oil wells. If the Islamic State can push forward into Saudi Arabia, which owns the world's greatest oil reserves, it will crush the oil market. Will other countries get involved to stop the Islamic State's progress toward the kingdom?
Also, the price of oil is at one-year lows, but is the sub-$100 oil price a signpost to the future? No. In fact, it may be a good time to buy.
Finally, Anheuser-Busch (BUD 0.39%) retired its diesel trucks in favor of natural gas vehicles. How will this move save the company money? And what is the potential for other companies switching to these clean energy fuels?
