Originally Posted by sniper226
You can always hedge yourself against oil prices going up buy buying stock in Energy Ishares or something along that line.
So if the price of oil goes up, you make money on your investment and pay more @ the pump. If it goes down, you lose on your investment but pay less @ the pump...
I know this isn't a stock board, but I wish I bought Suncor Energy back when it was ~$30/share. It went to about $130 and just split. That's a Canadian tar sands stock - they get oil from tar sands up in Canada.
I had a coal trust that just sat there giving me a dividend. Owned it for over a year. I sold it to get something else and wouldn't you know it more than doubled since? I guess I lack the touch.
Then there is that Brazilian company that has that new oil discovery off their coast. Petrobras. That looks to more than double. Wish I had the dough to throw at that.