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Is there a way you can profit because gasoline is so expensive?
When everyone's afraid, when everyone's selling, someone isn't. Someone's buying.
Which leads me to wonder, what investments benefit from $4-a-gallon gasoline? And $139-a-barrel oil?
I have a few unusual answers. More than simply buy Exxon Mobil or buy commodities. I'll share my ideas in a future post.
For now, I'm wondering what your ideas might be. Where could you put your money to profit from pricey gas?
Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...
Comments
Railroad stocks like CSX. Railroads move stuff more efficiently than truck. CSX hauls a lot of coal and Europe is buying a lot of coal because other fuels are more expensive. At least until the environmentalist terrorist manage to shut down the coal industry.
Posted by: Robert F | May 22, 2008 2:50 PM
Hey Robert, how'd you managed to steal one of my ideas? I think railroads are a great choice. Isn't that what Warren Buffett thinks?
Posted by: Harriet | May 22, 2008 3:19 PM
I'm thinking about investing in shale oil companies. 10 years ago it didnt make sense to extract the oil from shale and tar sands, however with oil at $130 a barrel, its looking more attractive.
IF McCain gets elected, I'd start investing in more companies that supply the military.
Posted by: DC | May 23, 2008 9:25 AM
Well, since people don't want to drive around to compare prices, I figure that internet-based sales should go upt -- and the companies that ship (fed Ex, etc.) should do well. In any bad economy, pawn shops do well too because some people need to sell what they have an others need to buy cheaply.
Posted by: BCL | May 23, 2008 12:30 PM
buy honda or toyota, small car sales are going to explode.
Posted by: mark | May 23, 2008 1:24 PM
Interesting ideas. Toyota I like. But they're having a tough time selling cars in this environment.
Posted by: Harriet | May 23, 2008 2:41 PM