Now that we've made a ton of money off of investing in oil futures’ is the free ride almost over?
We have been advised a few years back to put money in oil futures contracts and so far we have made a killing. I'm hearing from some people that we can push the price up even higher over the course of the next couple years. I have also heard that our gravy train will derail soon and when it does the price will drop like a rock thus hindering our investments.
There is alot of talk in US congress regarding pressing regulations on honest investors like ourselves making it more difficult to make a honest buck. My advisor from Stanley Morgan & Company tells me that this will take some time and we can ride oil contracts to $200 a barrel easy and that is when gas approaches $5 per gallon US. When this happens we are suppose to revaluate the political climate and go from there. That the market is cornered and minus government interference rising prices are a lock.
I'm having my doubts about riding until $5 per gallon gas US. The average citizen in the United States is *****ing about the price now at $130 per barrel. This leads to their congress people interfering with the free market in attempt to ruin the free market and leave supple and demand unchecked. They want to screw over small investors like myself by raising the minimum we have to put down by something crazy like 50%. Some members of congress are even going as far as suggesting the absurd an oil commodity trading ban. If that happens oil will probably drop to $90 barrel/$2.50 - $3.00 per gallon US almost overnight. All of us investors will stand to lose alot. Ridiculous, how are we suppose to make money and keep supply and demand in check like that?
I'm told that financial companies are working with the US congress through lobbyist and a deal will be sent up to postpone this speculation witch hunt for atleast a couple more years. I certainly hope so.
Do you guys recommend staying on with the hope for $200+ barrels? I don't want to sound greedy but why settle for 400% when I can make 500%,
I almost wish Iran would get invaded by Israel.. we would make a small fortune overnight through market concerns. Ok, thats evil and I was just joking..
Anyway what do you guys think?