Is "smart money" piling into oil once the calendar flips to January?

Sure oil will go back up but do you really want to buy it at $35 when it very well may be at $25 in 6 months?

It's interesting how oil has become an investment vehicle (or that it always was).

Something so necessary for our economy, that is subject to wild price swings based more times on speculation than on underlying economics.

$100 oil is gone for a long while. If oil starts to jump, all of these new technologies for finding oil will restart long before it gets to $100 which will clamp a rapid rise.

I see nothing ahead that would indicate a change in the supply/demand in the short term. If anything, looks like supply is still too high.

quote:

---

A few of my trusted sources say yes.

---

I don't know if I trust them, but I don't know what you mean by smart money piling into oil. Do you mean futures, equities or private equity investment? I can't speak to the former 2, but as to PE investment the answer is that they have been "piling in" since the first downturn.

Don't want to start a new thread....


When do we jump into this?

So far in 2017 I put a small portion into energy, but none of it American owned companies. There's one Permian shale operator on my to buy list. In general all of my purchases have been international. A small fraction was in a domestic REIT.
In 2016 most of my investments were outside USA as well.