Energy spike on the cards?

It has been interesting to watch the Russian / Ukraine / Gazprom gas row extend to Europe.

The continent remains heavily dependant on supplies of natural gas from Russia and if "The Bear" decides to switch off the taps then the Europeans suddenly realise just how vulnerable they are possessing little control over their energy needs.

Throw in the fact that there is the small issue of serious tension in the Middle East and you have Venezuela (another oil player) siding with the Palestinians and denouncing Israel and you may begin to appreciate the nature of the problems facing the West and their energy supplies.

Already we've seen the oil price rebound in the last few days and the longer these situations go on, the more demand their will be for energy. It might make sense to position yourself around these sectors, irrespective of the longer term problems facing the global economy...