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Topic invest in oil
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Original Post
iconoclast Posted at 8:21 pm on Dec. 3, 2008
i plan to invest in oil right around now when the price has been crashing and ride the wave up

whats the best way to do this, best company, method, etc, because i have no idea about this shit except for 'stocks'

Replies
gekkouno Posted at 5:18 pm on Jan. 1, 2009
oil trusts, you invest in oil while collecting a dividend between 5 and 25 percent. The trust stock goes up or down depending on oil prices but you still make money with a nice dividend.
uWhiteMage Posted at 11:29 am on Jan. 1, 2009
Invest is companies that sell carbon credits and then lobby for a carbon tax. Your wildest dreams will come true.
economist Posted at 2:04 pm on Dec. 31, 2008
Investing in oil has to be a good idea in the long term, as it runs out the price can only go up.
But the current economic climate will hamper any growth i n the price and it is lilely to stay down for a while to come.
Long term investors need to be aware of the long term shift to other options, the price will stop rising
piejesu Posted at 10:45 pm on Dec. 19, 2008
I agree, investing in oil or precious metals right now might be a potentially frugal oppurtunity. As the government dumps money into the economy and the global peak production capacity of oil is hit, we'll start riding the downward end of the "bellcurve" of oil production trends, and prices will rise as resources dwindle with increasing competition. And the value of precious metals will increase as the value of the dollar weakens. Oil is very variable and volatile in a market sense and it can become quite tricky to predict on a short-term scale, but to me this looks like the direction it is heading.
Jettie12 Posted at 11:22 am on Dec. 4, 2008
Quote: from prisoner of hss at 2:18 am on Dec. 4, 2008

Quote: from Jettie12 at 12:40 am on Dec. 4, 2008

Bring a barrel and go visit your local gas station.  That's probably the simplest way to invest in oil; buy it in great amounts and don't use it.
hahahahahaha


CanRoys?
iconoclast Posted at 11:18 pm on Dec. 3, 2008
Quote: from Jettie12 at 12:40 am on Dec. 4, 2008

Bring a barrel and go visit your local gas station. That's probably the simplest way to invest in oil; buy it in great amounts and don't use it.
hahahahahaha
Jettie12 Posted at 9:40 pm on Dec. 3, 2008
Bring a barrel and go visit your local gas station.  That's probably the simplest way to invest in oil; buy it in great amounts and don't use it.
iconoclast Posted at 8:25 pm on Dec. 3, 2008
Quote: from dreamweaver at 11:23 pm on Dec. 3, 2008

I wouldn't do it at all with the gas companies, personally. Way to risky, especially now.
the oil companies are pretty rich in general

theres no way that these prices are going to stay low as hell for long, gas is around $1.50 here

it might keep going down but within 5-10 years itll probably be way higher than even $4

Clouse227 Posted at 8:25 pm on Dec. 3, 2008
Quote: from prisoner of hss at 8:23 pm on Dec. 3, 2008

Quote: from Clouse227 at 11:22 pm on Dec. 3, 2008

Have you done your homework?
to some extent, i need someone to point me in the right direction, but i know quite a bit about oil in general

oh ok. For a sec I thought you were going to walk into something blindly.

I really wouldn't ask lw unless you want info on what not to do. I'd ask someone who you personally know and has invested in stocks.

roflfuckyou Posted at 8:24 pm on Dec. 3, 2008
i don't know what companies to invest in, but ask around, see if there are any predicted companies that will go up soon.

and don't invest too much as the stock markets are crashing everywhere

dreamweaver Posted at 8:23 pm on Dec. 3, 2008
I wouldn't do it at all with the gas companies, personally. Way to risky, especially now.
iconoclast Posted at 8:23 pm on Dec. 3, 2008
Quote: from Clouse227 at 11:22 pm on Dec. 3, 2008

Have you done your homework?
to some extent, i need someone to point me in the right direction, but i know quite a bit about oil in general
ss454 Posted at 8:22 pm on Dec. 3, 2008
My bad....ExxonMobil
Clouse227 Posted at 8:22 pm on Dec. 3, 2008
Have you done your homework?
ss454 Posted at 8:22 pm on Dec. 3, 2008
Invest in Exxon.

Can't lose.

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