5 stocks for the new oil reality

The first two months of 2006 should end any dreams that oil will drop below $50 anytime soon. They make a good case that the new price range for oil is between $55 and $70 a barrel.

Investors now know that fears of a confrontation with a heavily armed and militant Iran -- the No. 4 exporter of crude oil in the world -- is enough to push oil to the $69.20 it hit on Jan. 23. And that relative global "peace," combined with oil inventories running well above average for this time of year, is enough to send oil prices down to $55.