The World is Protesting High Oil Prices, thus DUG

The world is all pissed off about high oil and gas prices; protesting is happening in Scotland, Hong Kong, Nepal and Europe as I write.  Spanish truck drivers are blockading their country’s border with France for crying out loud. There's only one way to play it - UltraShort Oil & Gas ProShares (AMEX:DUG).

DUG is the answer, and it's probably wise to build a small position before everyone else does.  What the hell is DUG? 

UltraShort Oil & Gas ProShares (AMEX:DUG) seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Oil & Gas index.

The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. Plain and simple, DUG is depressed (due to rising oil price) and ready to rebound.

The ProShares UltraShort Oil & Gas fund (DUG) provides a simple way to make money if the energy sector stumbles. Using an ETF to get short exposure to energy has several advantages, including no margin calls or contract expirations to worry about. You also don't need exquisite timing on energy prices, as you can hold the ETF indefinitely.

DUG is the inverse of Ultra Oil & Gas ProShares (AMEX:DIG), an ETF that tracks oil & gas companies. Oil is not going to be high forever. At current oil price of above $130, oil is overvalued. Ripe for shorting.

To be lame, DIG and DUG, make DIG DUG, one of the lamest games of all time:

It's not just Americans that are bent out of shape about oil & gas prices, just read a few articles published today on Google News about gas protests, you'll get the point: 

Spanish truckers begin fuel protest

Protest truckers bring Spain to a standstill

Consumers protest fuel price hike in India for second day

2 Asian nations protest rise in fuel prices

Back home in the U.S. -- Workers protest rising gas prices