Let’s face it already. Oil is not going to $225 by 2012, like that Oppenheimer analyst predicted. It’s going to $400 by 2010!
Nothing will stop the transfer of wealth, from west to east. Know that and understand your stupid existence is gay. There is nothing you or your meaningless friends can do about it.
So, why not profit off the death of the car?
Short [[GM]] or [[F]]?
Betting against automobile makers, especially American, seems to be a cogent long term investment strategy. Or, sell short [[CLMT]], producer of jet fuel. As you know, all airlines go to zero.
On the long side, just own [[RIG]], [[NOV]] and other oil drilling plays. However, own the big ones. The smaller players get phased out, eventually.
Also, there is a whole list of oil plays that never trade lower, like [[ARD]], [[CWEI]] and [[OXY]].
Then you have the natural gas stocks. Personally, I hate natty. We have an unlimited amount of that shit. Any spike in natty is a result of pure manipulation. Regardless, stocks like [[CHK]], [[SWN]], [[ECA]] and [[UPL]] have enriched their shareholders this year.
However, seeing the fervor in natty, I am not against scalping a few trades.
My watch list includes:
[[NGAS]], [[OMNI]], [[GMXR]] and [[NGS]].
Separate from oil, I think [[LFC]] and [[CHL]] are too extended at these levels. In other words, long [[CTRP]] and [[FXP]] works for me.