“Prices for energy stocks, including the drillers, are bombed-out and should be aggressively accumulated now,” says resource expert Eric Roseman.

Here, the editor of The Commodity Trend Alert explains, “The absolute worst thing we can do is sell now.” Here’s his outlook on energy and drilling and a trio of buys.

“The pain felt by commodity bulls should abate shortly; this mind-blowing expansion of credit will ultimately fuel inflation to much higher levels

“Eventually, long-term interest rates will rise sharply in the United States as the government grows hungrier to finance its out-of-control spending habits.

“What we’re seeing now is a market that has gone from being obsessed with inflation just two months ago to one now worried about rapid deflation or an environment of declining prices.

“Combined with bad economic news overseas, the U.S. dollar has seen a violent reversal exacerbating the plunge in raw materials. It’s been a brutal sell-off and the worst decline I’ve seen since mid-2006.

“As it stands right now the CRB Index and the S&P Goldman Sachs Commodity Index are extremely oversold. The absolute worst thing we can do is sell now and run for cover. That’s the dumbest thing possible. Prices have already crashed.

“On the energy sector, the selling has been ludicrous. Suddenly, China and the rest of the world don't need oil. Yes, the world is slowing but crude oil supplies remain tight and Chinese demand has increased, not declined.

“The world economy continues to consume oil with Chinese demand rising and offsetting declining consumption in the United States and Europe.

“Select energy companies combined with the drillers are just a terrific value. Among our recommendations, buy the iShares Dow Jones Oil Equipment and Services ETF (ASE: IEZ), Ensco International (NYSE: ESV) and Hercules Offshore (NASDAQ: HERO).

“If you buy these companies now I think you'll double your money within 36 months. The sector is massively oversold and represent incredible upside as the investment crowd returns from their deflation obsession over the next few weeks or months.”