Q: Is it unpatriotic to invest in Oil?
The entire US economy requires Oil at reasonable costs. All of our jobs are reliant on Oil.
That said, is it unpatriotic to put your investment dollars into Oil as a commodity? (I am not saying investing in Oil companies too? only Oil as a commodity.)
A lot of people who invest look at our economy and our national debt and see bad days on the horizon, so they move their money from stocks into commodities. Gold and Oil are two favorites as their prices consistently rise as people buy them.
Headline News said it costs $ 50 to produce a barrell of Oil. Oil is selling for $ 139 a barrell. Headline news says speculation on Oil has created that disconnect.
Are people being greedy at the expense of the nation to buy something our country needs (oil) instead of something we comparitively really don?t (gold)?
Gas cost $ 4 a gallon today. If Oil ran say $ 65 a barrell, it would cost $ 1.87 a gallon.
Answer:
Its more illegal and unethical to invest in oil when kids are killed in theri country because you want their country?s oil
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