/biz/ - Business & Finance

Oil is a bad investment for someone not swing trading and looking at cycles. You look at things in black and white. Oil can become more scarce but if demand drops it doesn't matter. I would faster hold stock in tesla, a lot of auto companies are going to fade away and this UAW strike was just the beginning. We are going to witness the auto industry go downhill worse then after the 2007 bailouts and obama cash for clunkers programs. Meanwhile tesla is building a real world SAAS system around transportation, the cybertruck will displace the ford as goofy as the thing looks. It doesn't matter if recession grows, tesla has a subscription model that can absorb constant cash flows from the wealthy that aren't effected as much and can afford tesla use. Tesla will outperform every oil company in 10 years and buying tesla now is like amazon stock in 2000 after the dotcom crash. Oil investors on this general think they are hotter shit then they are when they can't see obvious large trend changes and chase them. Not one uranium or oil poster here will link to a personal blog where they show analysis and discuss previous successful trades around commodities they did because they are trying to game a market they have no understanding of and even boring index fund/bond holders will beat them at their game.