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Record Oil, Gas Prices Loom as Financial Reform Fails

For the average investor, it's tough to profit from this laissez-faire rule-making result -- most of the trading profits from higher commodity prices will be enjoyed by the funds and commodity proprietary desks, accessible only to the most well-heeled investor. For the "regular" guy, I again repeat my recommendations that have proven so profitable so far: Exxon Mobil (XOM - Get Report) and ConocoPhillips (COP - Get Report) to take advantage of rising crude oil and Freeport-McMoRan (FCX - Get Report) and Southern Copper (SCCO - Get Report) to profit from rising base metals, especially copper.

A great opportunity to avoid the similar problems in commodities we saw in 2008 with credit default swaps and mortgage securities is being lost. Get ready for $4 gas and your local Starbucks brew heading north of 5 bucks -- all courtesy of the financial lobbyists, hedge fund traders, industry spokesmen and the CFTC.

--Written by Dan Dicker in New York

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
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SYM TRADE IT LAST %CHG
COP $65.58 0.00%
FCX $21.35 0.00%
SCCO $31.51 0.00%
XOM $87.21 0.00%
AAPL $131.39 0.00%

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