At what maximum price would YOU invest many 1000's of $$ in light crude?

[Guaranteed]

Poll question: At what maximum price would YOU invest many 1000's of $$ in light crude?

I'm thinking about investing a significant chunk of change in oil. The way I figure it, if assholes are going to make a lot of money and screw the planet over with it, the good guys should take advantage once they figure out what's going on.

The price was up around $70-75/barrel weeks ago. It's at $61 some-odd change now. Theories abound that BushCo is manipulating the price before the election. This happened in 2004 as well.

What price should I wait for it to fall to before buying?

[RangerSmith]

1. Price really doesn't matter,

buy in March, sell at the end of August.

Dead lock cinch to make some coin.

[Guaranteed]

3. Is the price dropping now because they're opening the faucet?

Or was it just overpriced?

Demand couldn't have dropped that much- could it have?

[RangerSmith]

5. It's all speculation on events that didn't happen...

everybody was buying and inventories were really high... no hurricane, no sanctions against Iran, etc, etc.

I think the trap is speculating on anything other than what has happened at the beginning and end of every driving season for the last 5 yrs. Way too much manipulation going on.

[niallmac]

2. You left out the choice 'other.'

I would just take my fantasy bucks and buy right before the election because
I really do believe that the price is manipulated down by the repugs.

Oil has got to be a no lose deal otherwise. It's not like people are going
to stop driving. Letting oil prices climb now would be republican suicide.

[izzie]

4. For get that I out for olive oil.

Now that has gone up in price, as I only buy it every few months I almost fell over to day in the Market. I may start using gas is my salad. Has the GOP taking over the olive trees or something?

[natrat]

6. i said 40

but what type of investment vehicle are you using? if its futures you got to be preety accurate with time frames and prices or you loose. I'm doing the same with physical gold somewhere down near 500 bucks if it gets down there. The ting is alot of times things move in spikes and when it goes that fast its ez to get spooked and abandon your buy plan,and you dont get much time to think about it. Thats my sad story- a beautiful plan,it unfolds nicely and i freeze up