[lowem]

$this->bbcode_second_pass_quote('evilgenius', 'Y')ou know, if there hadn't been a run-up last year $75 a barrel would be considered pretty high. Somebody else on this site, I can't remember whom, said recently that there was resistance at $75 that will be hard to penetrate. This is an interesting time.

[threadbear]

It's all about the dollar. The price of most commodities is going to continue to creep up. That's why I'm back here...back for the ride. If gold goes to 3,000. per oz as Tice of Prubear predicts, all commodities will synchronize, somewhat.

[kiwichick]

oil @ $78.62

next fib retracement $83 then $92

[kiwichick]

buying smallcap oil/gas

majors will need to buy up smallcaps as reserves fall

also uranium

and geothermal

and biofuel

and wave

also water and natural fibre ( wool, cotton)

[evilgenius]

$this->bbcode_second_pass_quote('kiwichick', 'b')uying smallcap oil/gas

majors will need to buy up smallcaps as reserves fall

also uranium

and geothermal

and biofuel

and wave

also water and natural fibre ( wool, cotton)

[kublikhan]

$this->bbcode_second_pass_quote('dinopello', 'I')t's all pretend money until you sell.

[Revi]

USO closed Friday at $40.45, so I guess it wasn't such a bad idea after all. I bought just enough to hedge my gasoline use.

If I have to pay $300 extra for our gasoline, I made that with gains in USO.

That's the way I rationalize it anyway.

[dinopello]

$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('dinopello', 'I')t's all pretend money until you sell.

[Tanada]

We have not really talked about it much around here of late but IMO if you have A) storage space and B) funds; this is the time to buy extra gasoline/diesel/kerosene. I think as I have said so often we are well past bottom now and prices will only go up for the next few months.

That isn't to say go crazy and buy 1,000 gallons if you only consume 10 a week. But the house I grew up in used Fuel Oil #2 aka Diesel #2 with a 350 gallon tank that had to be filled every 4-8 weeks depending on how harsh or mild the winter was. If you are in that situation and your late summer/early fall fill is about gone now it is time to top the tank to max capacity, not get a half fill hoping prices will drop in a few weeks.

[GoghGoner]

Some crazy bets last week. $100 oil by the end of 2018 doesn't sound far-fetched to me, tough.

Someone Bought a ‘Relatively Cheap Lottery Ticket’ That Will Pay Off If Oil Hits $100

$this->bbcode_second_pass_quote('', 'D')ecember 2018 call single most-traded Brent option on Tuesday

[ROCKMAN]

T - Or if one wanted to hedge against higher gasoline prices they could have bought a few shares of Chevron 12 months ago and made $27/share...a 30% return.

[Cog]

Or BP stock. I've bought and sold that stock repeatedly throughout the year. Plus it has a 6.4% dividend.

[ROCKMAN]

Cog - Yep, same old theory: when the herd runs one way one should consider heading in the other direction.

[Revi]

I bought and sold some oil stock about 5 years ago. Made some money and decided to quit while I was ahead. I got burned on some other trades and learned not to speculate on things I have no idea about.