Quote:
Originally Posted by dready
Don't invest in the oil.. invest in oil supply companies. The ones that build the rigs, pipelines, and other equipment. As reserves dwindle, more and more wells need to be drilled to try to keep the supply going.
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That's good advice, except that all of the oil suppliers and drillers are already up huge in the last 6 months. Especially, Transocean (Ticker symbol: RIG). Sheeesh, up nearly 100% in 12 months.