07-17-2015, 11:12 AM
Tyler.M Wrote:Anyone considering an oil ETF or other funds around oil? Might be a good time to buy some oil stock cheap after this iran deal went through.... It should bump right back up in a few years at quite a tidy profit.
I considered it deeply. However, I just am not quite sure how oil is going to get shaken up. Economies haven't recovered (and some show signs of stumbling), China is slowing down growth (but will still need tons of oil), OPEC has been relegated to non-controlling interest so they are just producing to stay relevant, and American Oil Industry has already cracked the "making it cheaper to pull oil from America" nut in R&D.
It's the stock market, some south american dictator will inevitably decide to slaughter 1/2 his population and prices will spike. :?
2020 Ford Raptor
2009 Z06
1986.5 Porsche 928S
2009 Z06
1986.5 Porsche 928S