Enough Wealth

Looks Like It's Time to Buy Oil

I think oil has great potential as a long term commodity investment, and the current global meltdown will provide a once-in-a-lifetime buying opportunity. However, I think I'll wait until oil has stopped falling and has started to show some sustained gains again - say up from $40 to $50, or from $30 to $40. Buying while it's still within a major downtrend and trying to pick a bottom is too high risk for me ;)

And You Think Today's Gas Prices Are High?

It's even cheaper today if you also take into account the fuel efficiency of modern cars compared to the 70's and 80's or earlier.

eg. A plot of the cost to drive 1,000 miles in a the 'average' car for the period vs. per-capita disposable income.