Investor’s Daily Edge editors Rick Pendergraft and Andrew Gordon, speaking with Today’s Financial News editor J. Christoph Amberger, recommend four investments to make now to leverage volatility in the crude oil and currency markets.

So far this year, 25 airlines have collapsed. Those that have survived have taken on hefty losses. The seven biggest US carriers had combined 2Q losses of almost $6 billion.

Jason Simpkins in Money Morning says the crude-oil sell-off that sparked a stock-market rally over the last four weeks may not last. What Big Media has failed to notice is that OPEC is already gearing up to cut production….

Floyd Brown at Investment U says Pickens has a history of being in the right place and the right time and profiting handsomely. Floyd has picked four stocks to help you follow Pickens’ lead into natural gas and wind energy…

Russell McDougal at Investor’s Daily Edge says there are extraordinary investment opportunities in the resource sector now.

There is a huge disconnect between commodities prices and resource-sector stocks. Even though the price of oil, gold and other resources have risen sharply in the last year, mining stocks are in turmoil.

If oil continues to slide, keep an eye on Asian stocks and ETFs. They could be a major beneficiary…

Much of the recent drop in oil prices is due to the rally in financials, says Byron King. But the black goo is still double the price it was two years ago. Worse still, the US is now coping with chronic inflation. Precious metals are the best way to your savings and purchasing power…

Are market fundamentals to blame for sky-high crude oil prices? Of course not, says Andrew Gordon. It’s the tens of billions of dollars pouring into the oil futures markets are. Sure, demand is high – but the high-end costs of producing oil are $70 max, so a barrel of the black goo should cost about $110.

Conventional gold is rising higher than ever, but have you considered investing in ‘e-gold,’ says Ian Davis. A ton of rock will give you about 0.18 ounces of gold, but a ton of cellphones contains about 5.3 ounces. Is it time to take a closer look at the recycling industry?

Energy expert Kevin Kerr is now calling crude oil at $150, according to a report by MaketWatch. Stansberry Research’s Matt Badiali is not so sure. He says a reduction in demand will bring crude oil prices down…

Banning speculators will bring down crude oil prices says Congress. But they’re missing the point, says Dave Gonigam in The Daily Reckoning. This will not address the imbalance in the oil market… “In ’speculators,’ everyone from members of Congress to the king of Saudi Arabia has found an excuse to ignore the supply-demand imbalance that’s at the heart of $138 oil,” says Dave.

Sometimes, it pays to look the other way behind the trail of a blazing bull market in energy prices. In this case, some airlines will reward investors with big profits over the next 6-12 months.

“Two-hundred dollar oil would break the back of the global economy,” Adam Sieminski, chief energy economist at Deutsche Bank AG (DB), told Bloomberg News in an interview yesterday (Wednesday) in Tokyo. “Next step after $200 would be global recession and bad news for everybody.”

So why do America’s elected officials do such stupid things? Marc Lichtenfeld in The Smart Profits Report thinks they probably mean well. But knocking a buck off a gallon a gallon of gas may not be worth having an impotent financial system as a result.

Oil may be due for a drop soon, and if it does, you better know how to protect your portfolio.