01-13-2015, 11:53 AM
Vanraw Wrote:You are the example of who they are hoping to buy more. I agree with you, there are alot more out there. however alot of people have also bought smaller cars, hybrids, electric, etc, as a result of the high prices. I think we will see a bump in usage, but my gut says it will be less than previous levels because of more effcient cars and such.
There has also been more of a trend to pull our heads out of the assess and start living closer to things rather than do the ridiculous commutes we are used to too. Not sure if it is widespread enough to counteract driving culture though.
One would hope we learned a lesson from high gas prices, but we didn't do it in the 70s so I can't imagine we wont see a bump again. But with mitigating factors and increasing production all around, the effect might be muted from an investment standpoint.
Additionally, while oil WILL go up eventually barring some mystical unicorn fart energy source just appearing tomorrow - investing on that alone might not be the best choice. While your money is sitting there waiting for oil to go back up significantly in 2, 3, 5 or 10 years, it could have been working for you and paying off better returns elsewhere.
If I did it I'd probably do an ERX and roll the dice, gamblings not fun without a higher risk/reward ratio.