-- Posted by iconoclast 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' -- Posted by ss454 at 8:22 pm on Dec. 3, 2008 Invest in Exxon. Can't lose. -- Posted by Clouse227 at 8:22 pm on Dec. 3, 2008 Have you done your homework? -- Posted by ss454 at 8:22 pm on Dec. 3, 2008 My bad....ExxonMobil -- Posted by iconoclast 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 -- Posted by dreamweaver 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. -- Posted by roflfuckyou 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 -- Posted by Clouse227 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. -- Posted by iconoclast 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 -- Posted by Jettie12 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. -- Posted by iconoclast 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 -- Posted by Jettie12 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? -- Posted by piejesu 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. -- Posted by economist 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 -- Posted by uWhiteMage 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. -- Posted by gekkouno 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.