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To access the member portion of the website, simply click on the "Subscribe Now" tab (www.johnmugarian.com), establish a username and password, and you'll have full access to the Dynamic Growth newsletter and portfolio. This free trial will end on June 1, 2007. Frigid weather across the nation coupled with news that Saudi Arabia will continue to cut production sent crude prices soaring today. Oil prices closed up nearly $3 per barrel, its biggest jump in sixteen months. Not to sound like a broken record, but I have mentioned that the scare tactics earlier this month by many oil bears were nothing more than "Pure Conjecture". I also said that the sell-off we witnessed over the past 4 weeks may be "one of the best buying opportunities of the year." A few weeks ago, the media was trying to get us to believe that the warm weather we experienced earlier in the month was here to stay. They didn't fool us. We may not see $80 again until the next price shock (war, hurricane, etc), but its becoming very clear that the energy sector is transitioning from its up-cycle to a plateau, but at higher levels. Even at $50-$60/ barrel oil, energy companies will still make very nice profits.

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