RE:RE:RE:RE:$380 OIL? Always trying to put a negative spin on OYL with your misinformation. Oil industry wasn't severely underinvested for a decade leading up to 2008. Not saying your talking heads on Bloomberg are wrong, but tons of top energy analysts agree that WTI/Brent prices are already pricing in recession related demand destruction... otherwise it would be trading much higher right now. Nothing is for sure - definitely downside risks in worst case scenario of a severe recession, but definitely not a base case.
One thing is for damn sure though, OYL is a near term trade that could turn out to be a long term play... most likely front loaded gains over the next year though. Any long term investor okay with the risk should be buying now and be prepared to average up or down based on how this trades after financing news is released. At the very least get in after financing news/before details on the Wei-1 campaign.