United States Oil Fund LP (ETF) (AMEX:USO)

USO does not track well against OIL at all. Anyone buying USO for more than a week to play oil is fooling IMHO.

War! What is it good for

global population growth and rise of the east

Contango

OPEC nations are not getting along very well, recession fears coming back into spotlight, new non-OPEC production coming online, oil prices appear driven by speculation more than market fundamentals. Oil prices set for a tumble in the near term.

Still good if you are looking at 1+ years. However for the rest of the summer, I expect oil prices to calm.

Oil is going to give up it's panic premium sometime

Has anybody heard anything about the Middle East? Last I knew, we have at least three countries in the process or already finished overthrowing their rulers. They are protesting and so things are getting very close to ugly in a couple other countries as well over there. That area of the world produces somewhere in the neighborhood of 80% of the world's oil. With all of the civil unrest going on, how are they supposed to keep producing oil at the levels that they have been? This is a short term ETF and this is hopefully a short term problem. I am not hoping for $10.00 per gallon gasoline, and I seriously doubt if it will get anywhere near there, but I am ready just in case. I bought 20 gallons of gas for my motorcycle. That will hold me through for a month. Just in case.

United States Oil Fund (USO) is good way for investors working with a smaller pool of capital to gain returns on expected increases in oil through the summer of 2011. Some may argue that it is wiser to take up positions in companies such as Exxon (XOM), but at more than half the price, and trading at recent lows on a slightly lower price of crude, USO is a solid pick trading cheap.

oil is going way up

These funds -- which are really limited partnerships -- are primarily investment vehicles to enrich the fund managers. Maintenance costs are huge drags on the performance of the fund, and so when the price of oil is not outpacing these costs (and it will not in the long term), you are losing money. If oil gets spanked, then this fund may have a function. I made RL money off it when oil rose from $60 up to $80. Any time frame over a couple of months, there are much better vehicles for profiting from increasing oil prices.

Oil is headed back up. $100 per barrel oil will happen in 2011, and at that price this oil industry player will be making lots of money.

it's oil

So long as the Fed is pushing money out (currently via QE2) we can expect dollar-denominated commodities to rise in price and have high volume as buyers jockey for futures contracts.

Thanks to contango effect USO is a machine for loosing money. Oil up, oil down, your investment disappears regardless.

This limit order should not have been hit unless investors have lost all faith in the need for energy. Even though I am a mostly a bearish investor, I don't think that we are destined to relive the stone age, so the need for energy will remain in our future.

World oil supply decreasing.

Leverage play on oil that will rise as 3rd world countries continue to demand more goods and services. Euro hit to market has provided a great buying opportunity

Geo-Political issues with Iran about to escort Aid Ships, conflict or vision of conflict will poor money into oil as Iran's export will be interupted (per their words).