Sorry, but you’ve just run out of excuses…

There is not a single reason left for you avoid emerging-market oil, and here is perhaps the safest way for you to play it.

We’d been watching oil-services giant Schlumberger Limited (NYSE:SLB) for a while. When it announced Q2 earnings on July 18th, we knew it was time for our emerging-market investors to get in on the action.

The commodities boom in emerging markets is real. It’s making the rich even richer, but more importantly multitudes of poor people are getting a crack, often for the first time, at an upwardly mobile life that bubbles up through the entire economy. Once this starts to happen in developing countries, you want to get in on it.

Certainly, emerging markets are working quite well for Schlumberger.

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