2006-06-08 14:56:56 · 12 answers · asked by john r 1 in Business & Finance ➔ Investing
That's a big gamble. I wouldn't touch it.
2006-06-08 14:59:19 · answer #1 · answered by notyou311 7 · 0⤊ 0⤋
depends on your morals and the time scale we are talking about.
if it is an untapped reseviour, then you will make lots of money, if it will stay capped until demand peaks, it might take a couple of decades, but then you will make a fortune, if it is an old well, then it may run out unexpectadly.
but overall, oil is not a renawable resource and is the wrong source for humanities power, the more people who invest in and use fossil fuels, the longer they will be the norm.
For humanities long term well being, i suggest you invest in alternative energy sources.
2006-06-08 22:00:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Investing in an oil well is just one part. Drilling for oil is also very expensive, as is securing mineral rights to a piece of property.
Take a drive through west Texas in the Midland/Odessa area or through south central Oklahoma, and you will see more inactive oil wells than active ones.
2006-06-08 22:00:27 · answer #3 · answered by SquizzleSquerk 2 · 0⤊ 1⤋
It is great. Oil is very sought after and the prices are going up everyday. You'll be super rich before you know it.
2006-06-08 21:59:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
good the price of oil never go's down same with all resorser like gold but thar good for long term
2006-06-08 22:00:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i would invest in corn
i believe there will be an ethanol boom like the oil boom in the 1980's
it's already begun! get on board!
2006-06-08 22:00:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋
u see the price of oil of corse it is a good investement. although with ethonal comming out i would invest in that!
2006-06-08 21:59:45 · answer #7 · answered by wedjb 6 · 0⤊ 1⤋
Depends if it produces or not.
Remember...oils well that ends well!
2006-06-08 21:59:32 · answer #8 · answered by The Grand Inquisitor 5 · 0⤊ 0⤋
sure just not to much because you should have done it earlier
i wouldent though
2006-06-08 22:00:16 · answer #9 · answered by starcrossbow 2 · 0⤊ 0⤋
look into TIE DXPE HURC.
2006-06-08 21:59:43 · answer #10 · answered by edhchoe 3 · 0⤊ 0⤋