Comments on: How much oil can an average American legally purchase as an investment? http://pennbradoilmuseum.com/oil/how-much-oil-can-an-average-american-legally-purchase-as-an-investment Thu, 18 Nov 2010 12:02:59 -0500 http://wordpress.org/?v=2.8.2 hourly 1 By: jkrohn2000 http://pennbradoilmuseum.com/oil/how-much-oil-can-an-average-american-legally-purchase-as-an-investment/comment-page-1#comment-4312 jkrohn2000 Mon, 18 Jan 2010 08:15:59 +0000 http://pennbradoilmuseum.com/oil/how-much-oil-can-an-average-american-legally-purchase-as-an-investment#comment-4312 Unless you have massive amounts of storage somewhere you can't buy very much.... One futures contract (currently at $110 a barrel) has a lot size of 1000 barrels. Oil isn't something you can "buy and hold" unless you can take physical delivery and store it somewhere, which will cost you of course. If you think oil will continue to rise you are best putting your investment into funds that hold oil as an asset or oil companies. Outside of that you could try to play the futures market but the cost of entry is quite high and there is not much margin for error. As an example, futures for delivery in March 2009 light sweet crude are at $97.47/barrel for a 1000 barrel contract. You could buy this and hold and try to sell that contract at a later date if it goes up. If it goes down though you are going to have to sell at a loss come Mar 09 as you can't take physical delivery.<br><b>References : </b><br>http://metalprices.com/ Unless you have massive amounts of storage somewhere you can’t buy very much…. One futures contract (currently at $110 a barrel) has a lot size of 1000 barrels. Oil isn’t something you can "buy and hold" unless you can take physical delivery and store it somewhere, which will cost you of course.

If you think oil will continue to rise you are best putting your investment into funds that hold oil as an asset or oil companies.

Outside of that you could try to play the futures market but the cost of entry is quite high and there is not much margin for error. As an example, futures for delivery in March 2009 light sweet crude are at $97.47/barrel for a 1000 barrel contract. You could buy this and hold and try to sell that contract at a later date if it goes up. If it goes down though you are going to have to sell at a loss come Mar 09 as you can’t take physical delivery.
References :
http://metalprices.com/

]]> By: bob shark http://pennbradoilmuseum.com/oil/how-much-oil-can-an-average-american-legally-purchase-as-an-investment/comment-page-1#comment-4311 bob shark Mon, 18 Jan 2010 07:27:59 +0000 http://pennbradoilmuseum.com/oil/how-much-oil-can-an-average-american-legally-purchase-as-an-investment#comment-4311 don't put all your eggs in one basket. there is nothing guaranteed about oil being more expensive next year.....BUT IF YOU THINK SO buy a energy mutual fund with A PORTION of your investment money, not more than 25% A one sector investment, is a very risky investment.<br><b>References : </b><br> don’t put all your eggs in one basket.
there is nothing guaranteed about oil being more expensive next year…..BUT IF YOU THINK SO
buy a energy mutual fund with A PORTION of your investment money, not more than 25%

A one sector investment, is a very risky investment.
References :

]]> By: engineer50 http://pennbradoilmuseum.com/oil/how-much-oil-can-an-average-american-legally-purchase-as-an-investment/comment-page-1#comment-4310 engineer50 Mon, 18 Jan 2010 06:37:59 +0000 http://pennbradoilmuseum.com/oil/how-much-oil-can-an-average-american-legally-purchase-as-an-investment#comment-4310 As much as you can fit in your basement.<br><b>References : </b><br> As much as you can fit in your basement.
References :

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