Any thoughts on investing in Oil given the current sitiation?
>Shares down 90pc
>Buy low, sell high, simple economics
>Minimum 200% return within 18 months
What future lies ahead for the pressure cooked dinosaurs?
*Situation
>>1082361
It's obvious that oil will go to $0 in the future.
year 3000- oil $1 a barrel.
WHO CARES. WE'LL ALL BE DEAD! SOLAR IS A LIE! WIND IS A LIE! OIL IS KING!
OIL WILL GO TO $100 A BARREL!
What's the probability that oil will cease being used in the automotive and electricity industries, globally within the next 20 years?
Id say its almost impossible. Probably a pretty good investment. Anyway im a newfag to investing so i dont know shit.
>>1082363
How can that be the case when Oil resources are finite?
Clean energy is in no way advanced enough to power the planet
>>1082369
This is what I'm thinking.
>>1082390
>Clean energy is in no way advanced enough to power the planet
>year 3000
>year 3000
>>1082392
Only planning to invest for the next 40-60 years based on current lifespan averages.
>>1082363
>Finite resources dropping to $1/barrel
Please tell me this is a troll.
How do I invest in oil? What symbol is it?
>>1082444
lol
>>1082444
dwti
put it all on dwti
>>1082444
Lmfao
>>1082361
A recovery will happen eventually.
What companies are left when the dust settles is another matter.
>Minimum 200% return within 18 months
If they survive, if they go bust not so much.
>>1082475
>What companies are left when the dust settles is another matter.
this too many are investing all they have in oil, i see quite a few oil companies going bankrupt in the near future
too risky for me
What about oil companies with diversified operations, like coal seam gas. For example shell or bhp?
>>1082361
I think it's the perfect time
The last two times the Broncos won the SuperBowl, oil prices fell dramatically and were soon at $15/bbl.
Thanks, Peyton.....
>>1082361
It's just an overblown 2007-2009 in the oil sector. It will recover to over $40 in 2 years.
Buy some gold too, large hedge funds have started to bet against corporate bonds, so recession is on the horizon.
Anyone know this week's swing prices for wti?
There used to be a guru on here who helped me make about 500 euro on oil, twas fun
