Whatever happens, however, the economy and financial markets won’t fall apart no matter how bad things get in the near term. In fact, those who are able to look past potential near-term pain can take advantage of the situation to lock in long-term gains.
One good example: Super oil Chevron Corp’s (NYSE: CVX) announcement this week that it will buy a 50 percent stake in the Kitimat project in British Columbia. The purchase of the planned liquefied natural gas (LNG) facility also includes 644,000 acres in the nearby shale-rich Horn River and Liard Basins.