Forum Discussion
Belzar
Jul 24, 2014Explorer
I think I agree with the consensus here. People will adjust to rising fuel costs by buying different types of rigs or modifying their travel styles vs. giving up traveling.
"If you really think prices could triple over the next 10 years, buy oil futures and you won't have to worry about it." ---
I did this some years ago. I bought a modest position in some oil stocks and whenever gas goes up, the stock goes up at least as much. I don't sell, but it makes me feel better when I'm at the pump.
"If you really think prices could triple over the next 10 years, buy oil futures and you won't have to worry about it." ---
I did this some years ago. I bought a modest position in some oil stocks and whenever gas goes up, the stock goes up at least as much. I don't sell, but it makes me feel better when I'm at the pump.
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