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$35.41 -2.64 (-6.94%)
12/4/2008 4:00 PM

United States Oil Fund LP (ETF) (USO)

CAPS Rating:
***

The Fund is a commodity pool issues units that may be purchased and sold on the American Stock Exchange. It engages in the speculative trading of futures contracts and options on futures contracts.

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Avatar hansthered0 (< 20) Submitted: 7/03/08 11:29 AM : Outperform Start Price: $116.10 USO Score: -21.80

OIL is the new amazon.com

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Avatar TheParadox (98.82) Submitted: 7/09/08 11:11 AM

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I might be careful on this one, oh, and I disagree.

Oil is still subject to the laws of gravity like home prices were... homes got expensive and people made lots of money but buying at those prices were not sustainable and then the collapse as people couldn't afford them... can the same thing be said about oil? I dunno... but my guess is oil (and the futures that trade on it) will start to face thing same things that solar and wind companies will start to face... if/as oil becomes more afforable, demand will increase and the alternatvies (solar, wind, ect.) will start to look less appealing as they have a high cost to energy ratio. USO will lose value as well.

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