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Submitted 401 days ago...

jreberry

Authority (232)

I have a feeling Oil Prices will continue to rise to $120 a barrel - where or how should i invest

I really have a strong feeling oil prices will rise to $120 a barrel by March or at least spring . . . where should i invest my money? I can buy a few barrels and store them in my basement, but i don't have a strong back.

but in all seriouness, if i do want to put my money behind oil, what funds or what companies should i invest in?

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Submitted 400 days ago...

Mtnrescue

Professor (1,529)

If you really want to invest in oil, invest in the companies directly responsible for the extraction. Depending on your politics, you might have issues since some of the same companies involved in Iraq are involved in this space. However, as the saying goes you're a democrat until you start to make money so look for Amoco, Shell or Chevron. They also invested heavily in trying to find oil in the Gulf of Mexico so there's a nice domesitic support side to investing in them.

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Submitted 400 days ago...

techie

Authority (223)

Unless you have a home refinery in your basement as well, storing barrels of oil isn't going to do any good. It would be like trying run your car on goo. Last time i checked, most cars didn't run on goo.

If you want to invest in oil companies, or even pump companies which are doing well. There is

Halliburton

Frac Tech - they are a new company, only a few years old and turned down a multi-billion dollar buyout offer from the big H. They should be having an IPO in the near future

Chevorn

British Petroleum

here is a good list of Oil Companies from wikipedia http://en.wikipedia.org/wiki/List_of_petroleum_companies

Or even look into companies that were present at this event.
http://www.spe.org/atce/2007/exhibitors/list.html

Hope that helps.

And if you figure out a way to run your car on crude oil, let us know.

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