Buy Oil?

[Grieve]

I don't think we are at the bottom, but I do think we are already at a place where if you buy and hold long term, you will make a profit. Oil isn't a company that doesn't have a growth horizon, eventually it has to come back up.

OK, great idea. What vehicle do you recommend for that?

I don't have any free cash right now (sticking it out in AAPL to see how earnings go), but if I did I'd go with the producers, like EOG or CLR, rather than USO. Or something like CVX, which has a nice yield. They will likely outperform when it starts going up again.

But oil might stay in the 40s (or lower) for the rest of this year...