I was thinking make the best way to profit from oil isn’t so much trying to profit when oil prices rise, but profit while oil prices are low…
Here’s my take.. Regardless of whether people want to admit it or not, lower gas prices does mean your average person has more discretionary income. For example, consider a person filling 16 gallons/week for an SUV saves $1/gallon….Times 52weeks, that’s an extra $832/year. And that’s just for one person. Probably more for a couple.. That’s more than the previous stimulus given to people…And we know that the majority of the people in this country are going to spend it.
Also, I think airlines will do will, travel will pick up, and transportation will do well (Fedex and UPS probably will have fatter margins)….
Probably other things too….Haven’t thought much of it.
