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Investing in oil?

Z

zanemoseley

Senior member
With crude oil trading for $50 a barrel who is going to invest in oil? I'm soon to have about $10,000 to invest and am not sure where to put it. I guess the question is how low will it go. The USO eft has halved in value over the last 6 months. What do you guys think?
 
Yes, and if I were head of the Ruskies, I'd be buying crude futures (margin) all the way to as far as the NWO decides to take it while using Russian actual reserves as collateral.

Isnt this just like 911 where the airline stocks were shorted before the attack?

Hmmmm ...... (read the report - sounds a bit like the elusive MH370):

http://www.snopes.com/rumors/putcall.asp
 
Gas prices shot up 0.30 in the south side of the city today. Back to $2.15 most places here now.

When it comes to the market, if you're asking if you should invest it's already too late.
 
From what I've heard this drop is predicted to last for years. Take that with as large a grain of salt as you like, but if you're considering buying you might want to start thinking of it as a potential medium/long-term investment.
 
gorcorps said:
Gas prices shot up 0.30 in the south side of the city today. Back to $2.15 most places here now.

When it comes to the market, if you're asking if you should invest it's already too late.
Click to expand...

Crude finished the day at $50.04, lowest since April 2009. Am I missing something.
 
I'm just waiting for May when our broke ass provincial government decides to tax the living snot out of gasoline. Maybe I'll get a job with the civil service if I want to get an actual return on oil. 🙄
 
Gas prices rised because the government increased taxes since they view the prices as being too low.

They refer to this BS tax as buying credits to offset carbon foot print emitted by cars and trucks.
 
Tommy2000GT said:
Gas prices rised because the government increased taxes since they view the prices as being too low.

They refer to this BS tax as buying credits to offset carbon foot print emitted by cars and trucks.
Click to expand...

They are talking about raising them, but nothing has happened so far. Gas in my area jumped 20c since yesterday for some reason.
 
zanemoseley said:
With crude oil trading for $50 a barrel who is going to invest in oil? I'm soon to have about $10,000 to invest and am not sure where to put it. I guess the question is how low will it go. The USO eft has halved in value over the last 6 months. What do you guys think?
Click to expand...

Rule #1, don't put all your $$$ in 1 thing.
Rule #2, speculation is just that, you might win, or lose.
Rule #3, if this is an investment, then don't gamble with risky futures!
 
You're going to get $10k to invest and you're looking into a single sector specific commodity? That seems kind of pointless and much akin to simply gambling. Why not just park it in a low-cost index fund?

Tommy2000GT said:
Gas prices rised because the government increased taxes since they view the prices as being too low.

They refer to this BS tax as buying credits to offset carbon foot print emitted by cars and trucks.
Click to expand...
Who increased the gas tax? The Federal gas tax has been at $0.183/gallon since 1993, the last time it was raised. If anything, it needs to be increased to continue funding the bankrupt Highway Trust Fund, which is used to fund infrastructure throughout the US.
 
I am curious why buying scratch offs and lotto tickets is seen as moronic, but gambling on slightly more calculated risks via commodities and stocks is never given the same connotation. At least with the lottery, you win that all yourself, no stockbroker to take a cut?
 
natto fire said:
I am curious why buying scratch offs and lotto tickets is seen as moronic, but gambling on slightly more calculated risks via commodities and stocks is never given the same connotation. At least with the lottery, you win that all yourself, no stockbroker to take a cut?
Click to expand...

Stockbrokers are better salesmen than state lotto people.
 
zanemoseley said:
With crude oil trading for $50 a barrel who is going to invest in oil? I'm soon to have about $10,000 to invest and am not sure where to put it. I guess the question is how low will it go. The USO eft has halved in value over the last 6 months. What do you guys think?
Click to expand...



Not yet ... but soon.
 
Not in a thousand years. I buy and hold stock index mutual funds for decades and get rich slowly.

What you're talking about is gambling, win big or lose big. The house usually wins.
 
If you want to make money in the stock market then invest gradually and diversified, and only look at how much your stuff is worth about once per year. Speculating is no better than gambling, and far more knowledgeable people will probably just take your money.
 
I watched some analyst say the prices will go up in about six months. Not sure about that.

I would invest in natural gas. We are the largest producer in the world ATM.
 
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