Granted, there will be large US investments made by cash surplus holders, call them oil states, but as at the last cycle, much of it will be direct investment at bargain basement prices, not in our stocks and bonds. Obviously investments in oil services and alternative energy are indicated. You should overweight in these areas. I would not buy oil producers or reserves. They are like any other animal, they will hunt where they have had success before.
Somebody sitting on producing wells is a target for the taxman.
The next one is GOLD . Most are skeptical about gold. I am not. There is a Forum where a lot of people with different points of view post there thoughts and opinions and you can get a lot of valuable detailed information. The overvaluation of the dollar is coming unwound as our balance of payments deficit balloons.