Oil Investing

[robert]

I had someone ask me a question today:

What are your thoughts on investing in oil right now? With the way prices are shaping up for this summer... is it a good investment or not in your opinion?

honestly, I have no idea. That’s out of my area of knowledge. I know some people who are getting in and some people who are getting out.

I'm sure its just like any industry where most of the money is made in the beginning and whenever new innovations come along. We are in the middle of some major innovations in those industries since a lot of those companies are also exploring alternative fuels. Although, who knows how long those things are going to take. So, I'm sure as with anything else, if you are positioned correctly within the market, you could probably make some pretty decent money; but who knows how long it would take and who knows how to be positioned the best

Even though oil companies are making huge $ profits, the % is just average (7% to 10%). If you are heavily invested into a company, you could probably make a lot of money, but if you are just an average investor, you possibly would just make the same amount as if you were investing in Bank of America or something, ya know.

Like I said, I don't really know much about that particular industry; but that's what my thought is.