I think oil is going lower short term, and when it hits $25 a barrel, I will look to by the ultra oil ETFs.

FYI the middle east producer’s cost is about $2 a barrel. And I have read the incremental cost can be as low as 40 cents.

How the heck do you think they built Dubai anyway.

I would be cautious if you think it is a no brainer at $40 think it is going to snap back to $80 for a quick profit.