Quote: (12-09-2015 05:47 PM)jake1720 Wrote:
This is a disaster waiting to happen.
Stick it in USO or oil stock if you aren't in the oil industry.
No, it's not. It's called barrier to entry and it means doing something that most people won't do that's a more profitable play. People who are wise saw what happened over the weekend in Paris and that will have significant consequences for many energy companies. That's why I found people who claim energy bottomed at $42 a barrel laughably stupid - with what happened in Paris, we may see an even deeper bottom, in addition to severe restrictions to how oil companies can be profitable.
Do you idiots know what happened to coal thanks to Obama? He has absolutely crushed the industry. Obama and Hillary want to do the same to oil. Some of you may be catching falling daggers that could go even lower and be like coal.
Buying physical means you have the physical means to either do nothing while the socialists own the political landscape (Obama and Hillary), or sell like crazy when the fascists win again (not sure which Republican will run in 2020). Hillary will win for president next year; I promise all of you that. She has already made it clear that ExxonMobil and other companies are her enemy. Like Obama with coal, she doesn't care how many of you become unemployed. But a person who owns oil and does nothing with it can't be targeted; the government doesn't know how much oil I have stored - it's not on their balance sheets.