jacflash

Why Is Oil Creeping Back Up?

All of the above comments make sense. Oil is climbing in US dollar terms for all the same reasons goldbugs keep saying gold *should* be climbing much more than it is. I say, and have been saying for awhile, that if you're really concerned about future inflation in the US, skip the gold (or at least augment your gold holdings) and buy oil and gas ETFs and/or stocks like TOT or BP or XOM. The prospect of a near-term spike is only icing on the cake.

BTW, oil's up significantly from its lows, but natural gas is still cheap. Get it while you can.