USO didn't really recover after the '14 oil crisis though. Don't know if I'd bet on it here. And domestic oil production

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Mar 30, 2020
3:00:04pm

scootsy Meme Team

USO didn't really recover after the '14 oil crisis though. Don't know if I'd bet on it here. And domestic oil production

is already operating in the negative at the wellhead and in the refineries. Russia and the Saudis have absolutely flooded the market.

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scootsy

Bio page: scootsy
Joined: Aug 5, 2013
Last login: May 12, 2024
Total posts: 30,552 (3,354 FO)

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Messages

Author

Time

With oil at an 18yr low, seems like a safe investment now, right?

byuguns55

3/30/20 2:27pm

Wow. Really?

eysikal

3/30/20 2:30pm

Really

byuguns55

3/30/20 2:31pm

Go for it. USO is probably your best straight bet on oil prices.

Heath Squashwell

3/30/20 2:33pm

I know people who could get you invested in essential oils.

Ssebo

3/30/20 2:37pm

Probably not.

scootsy

3/30/20 2:44pm

Maybe but... with storage tanks nearly full and demand down something like 15m bpd.... there is actually talk that oil

HarlemCoug

3/30/20 2:54pm

USO didn't really recover after the '14 oil crisis though. Don't know if I'd bet on it here. And domestic oil production

scootsy

3/30/20 3:00pm

That all depends on how long you expect to hold it to make money. It may go

BW84

3/30/20 3:03pm

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