How to take advantage from oil companies.?

i am young invester and making some money from it. i was wondering how can i take advantage from the oil price boom or the oil companies.How to take advantage from oil companies.?
Tom Dobell, the highly regarded manager of M%26amp;G Recovery Fund, picks stocks for his portfolio based on a corporate recovery and he has highlighted three stocks he think offer decent potential for bumper returns.





One is Tullow Oil, the Anglo-Irish oil %26amp; gas exploration and production company, which announced recently that its Jubilee field, off the coast of Ghana, extends over nearly seven miles, well ahead of estimates.





';I am highly enthusiastic about the company's prospects from here. I believe Tullow's success has not developed overnight. It has made some very sound capital allocation decisions, acquiring businesses wisely and purchasing attractive businesses that provide it with the cashflow generation to maintain an ambitious exploration and development programme.';





Another stock that has caught his eye is the mid-cap engineering group Ivensys.





';This is a great example of a company that is firmly in control of its recovery potential,'; says Dobell.





';Since the days of over-expansion and excessive debt, it has embarked upon a restructuring programme and improved its finances, paving the way for a recovery to take place. I have great confidence in the management team's ability to guide the company back to health.';





Our list of top funds for the current climate, as recommended by independent financial advisers, is the M%26amp;G Global Basics fund. Commodities have enjoyed a sterling run, but the long-term arguments are compelling.





According to the latest World Energy Report World the emerging nations 鈥?notably China and India 鈥?are going to continue to fuel energy prices for 20 years. The report reveals that the world's primary energy needs are projected to grow by 55 per cent between 2005 and 2030.How to take advantage from oil companies.?
I would diversify some funds into oil exploration and production. As the demand of oil is increasing there is much effort going into finding new resevoirs of oil waiting to be discovered in the world. Many oil companies are putting money into the exploration of oil, so you should look into it too.
One simple answer- Stock Symbol:USO


It reflects the price of oil.


A financial magazine I read said wait until it drops to $90 then buy. Have fun!
build a 100000 gallon tank under ground fill it up with gas wait two years and you'll get 8 dollars a gallon and that will be under cutting everyone