The price of Crude oil reached a peak of $147 in July of this year.After that peak, the price has continued to fall and settled at about $64 today, Thats a crash of more than 50% in just a few months. Today gas stations in some parts of the US are selling gas for $1.99 or less a gallon.

Considering the above price movements it makes no sense to be talking about oil and gas stocks as some pundits are proclaiming that gas prices will go even lower. However OPEC is the key as they stabilize the falling prices by cutting production. Sure if demand falls dramatically because of recession worldwide there is nothing they can do. Still for the time being it seems like prices are stabilizing and may be a while before crude oil moves either way.

An investor need not ignore oil stocks just because the price of crude is falling. Oil stocks are an integral part of a well diversified portfolio. Just like utility stocks they offer decent yields now and are worth a look.

Europe has some of the large oil giants of the world such as Shell, BP,etc.The following is a list of all the European oil and gas company ADRs in the US:

1. Company: BP
Ticker: BP
Country: UK
Dividend Yield: 6.76%

2. Company: TOTAL SA
Ticker: TOT
Country: France
Dividend Yield: 5.72%

3. Company: Royal Dutch Shell – A Shares
Ticker: RDS.A
Country: The Netherlands
Dividend Yield: 5.73%

4. Company: Royal Dutch Shell – B Shares
Ticker: RDS.B
Country: UK
Dividend Yield: 5.79%

5. Company: Repsol YPF
Ticker: REP
Country: Spain
Dividend Yield: 8.21%

6. Company: StatoilHydro ASA
Ticker: STO
Country: Norway
Dividend Yield: 4.07%

7. Company: Eni
Ticker: E
Country: Italy
Dividend Yield: 7.90%

You can use the above list as a starting point for further research.