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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 jethro549on Oct 08, 2016 4:59pm
81 Views
Post# 25325917

RE:RE:RE:RE:RE:RE:am i reading this right...

RE:RE:RE:RE:RE:RE:am i reading this right...I see that. And it is my unbiased opinion, as i have not yet purchased my shares in USO, that with the oil industry is a desperate tailspin and looking for any opportunity to shep CAPEX. USO has come up with probably the most important discovery of the last 20 years. An ability to cut 75% off the CAPEX and equally significant OPEX cuts to the extraction of the world's most expensive and also most sough after source of oil--bitumen. This company has the oportunity to become very big very fast in an environment where the little guys get eaten alive. USO has survived ten years without a drop of revenue for one reason alone, some very large institutional players have invested over 100 million dollars into a new technology that they know will work. They have proven it will work. The test plant in Alberta has proven the economics of it and the environmental benfits of it. Just imagine is water used can be recycled and reused, sand that is sucked dry of bitumen ca come out clean at the other end and be replaced back where it came from. These are not dreams they are realities and USO has found the key to it all. Anyone holding this stock now will be very happy in a year or two when the heavy oil players get involved and make a huge cash offering for the patent. GLTA 
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