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United States Oil Fund LP V.USO.RT


Primary Symbol: USO

The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on USOs collateral holdings, less USOs expenses. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.


ARCA:USO - Post by User

Comment by CNInvestingon Aug 11, 2015 3:25pm
86 Views
Post# 24008121

RE:RE:RE:Just my take on things

RE:RE:RE:Just my take on things As long as the tailing ponds exist, they will be hated for what they are and represent a liability to the oil companies. Even if they can monetize them, it's still pollution. USO's purpose is to have such a clean,high recovery extraction that nothing will ever end up in a pond, killing the need for one in the first place. Pyrogenis's technology might be useful in the short-term to clean them, it's not a winner in the long run. The tailing ponds are meant to be gone sooner or later. 
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