Is anyone else taking advantage of high oil and gas prices to make money?

Question

Has anyone else bought Exxon stock or oil and gas ETF's as a way to get some of your money back from the high prices at the pump?

If not, why are you passing up this great opportunity to get some of your cash back?

Answer 1

What,and contribute to the oil scam? The oil companies are ripping us off ,and you think investing in the rip-off will help? We ALL know YOU are in the pocket of the oil companies!   Your avatar name  is now used as 'slang' for being a paid troll with little or no intelligence. Good work!

Answer 2

Nope, Oil stocks are a bit to volatile for my tastes. I rolled my 457 over in to precious metals for now.

Answer 3

We will not trade in the oil commodities on Wall Street, and increase the problems such trading by arm-chair speculators is causing.

We are however SERRIOUSLY concidering having my husband go into business for himself.  He currently works as a wind turbine tech, on the commercial wind turbines.  My husband is a VERY GOOD mechanic.

We are condidering setting up a business, and switching gas motors in certain models of vehicles, to diesel engines.  My husband has been doing a lot of research on this.  Most of the gas engine vehicles we are looking at converting get 20-25 mpg on gas.  Once converted to diesel these same vehicles (with not other modification) will get between 40-75 mpg on diesel!

We figure once he starts, just by word of mouth, that the waiting list of customers would be booked six months in advance.

By the way, these engine conversions would be with extremely clean, modern diesel engines.

So our way of "profiting" from the  outrageous fuel prices is to help people make their vehicles at least 50% more fuel efficient.

~Garnet

Homesteading/Farming over 20 years

Answer 4

I backed up the truck on ARD, EGN, UPL, and APC a while back.

My favorite miners include BHP, PCU, and ABX.

Answer 5

By any conservative investment strategy, the stocks are way overpriced. Oil stocks typically don't give good dividends either.

Answer 6

Mostly the people who make a lot of money are those pump easily recoverable oil out of the ground, like Saudi Arabia.  They're getting VERY rich on our folly.

Oil company stock is a very risky proposition.  Peak oil and global warming mean that we'll HAVE to move away from oil to alternative energy.  And what the government does to oil companies to finance the transition and keep people from revolting over gas prices during it, may not be pretty.

Answer 7

There is a little truth in your position, but what happens if the whole economy collapses from high gas prices?  Just watch the stock market going down with oil heading towards $200+/barrel.

To bad people believe the Enviros and their leftists politicians.

They spread disinformation and hate about oil companies but they are the ones to blame by not allowing drilling or new refineries as well as many other alternatives - wind (it will kill the birds), solar (it will disturb the deserts) and want us to remove hydroelectric dams.  Are you being fooled by these Agents of Anarchy?

I am mostly out of the market watching for another 1929.

Answer 8

I'm still trying to find a long line at the gas station...so I can reminisce about the good ole days. I'm like the first answerer, I have index funds.

Answer 9

I saw it coming, but I didn't have the funds to invest. So sadly, I didn't get to buy stock in Exxon Mobile.

(Oh on another note, I wouldn't buy now, since it's most likely going to start going down again. However, a savvy investor might looking at shorting the stock soon. You know betting on it going down.)

Answer 10

Unfortunately I sold my XOM and BP last year after a good run up.   Have made 700 on ACI and BTU coal today though.   Another 700 on AMSC also.   Not too bad a day to recoup some of my losses from the telecom collapse.