Time to invest in oil?

As I write, some people are upset about Iran taking 15 British sailors hostage. One person who is outspoken is Tony Blair, Prime Minister of Great Britain, and he has been making veiled threats. Naturally, this entire situation is making the price of oil go up.

I believe that the only reason we don't just blow the shit out of Iran's military, and their oil infrastructure is of course our dependence on that oil. Iran has the capability of shutting down oil transportation from the entire Persian Gulf, and probably would do so if attacked.

So is this time to join the commodity bulls and buy up oil stocks? I'm sure not going to say such stocks aren't going up. There's little doubt that prices at the gas pumps are going to go up due to this crisis -- quite possiblly a lot.

A local radio show morning host likes to repeat that this increases Iran's income, so that's why they like to provoke us by creating these crises.

Yet the more oil prices increase, the greater the incentive for alternative fuels.

So I still advise people to invest in chewing gum, electricity and real estate.


oil crisis
oil crisis