Anyone Investing In Oil?
 

Stupid question I'm sure, but fuck...drops every winter then skyrockets in the summer, is it an idiot proof investment for someone with about 10k to blow?

I have the investment knowledge of a six year old retarded child so feel free to call me a dipshit or a faggot.

It might be a good investment now since people use it as a hedge against the dollar. Dollar is weakening due to heavy debt. If hyperinflation ever breaks out, oil is a good place to be.

i will invest in a nice ass cover of baby oil !

I've been investing in the financial sector, biotech and misc foreign ETFs

Forget oil.. think long term. "We're mad as hell and aren't going to take it anymore"

I invest in a few oil producing companies

Funny you ask, I just bought some Jul 50 calls on BP this morning. It's down a bit on the day but there's over 6 weeks until expiration and I'm sure it'll be profitable long before then. Oil is looking really good! There's a couple of oil related etf's I have my eye on for tomorrow if the technicals all line up.

I have in the past and to me its not worth it unless you are going short term. and the returns may not be what you can get out of some others at this time.

There are a few banks that are going to rebound and if you have stock in them you will make a killing.