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Holding: USO
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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status | |
|---|---|---|---|---|---|---|---|
| USO | Equity Investment Instruments | 4.71% |
|
3 | 19-Sep-08 | Currently Holding |
21-May-08
CNBC Bonus Bucks Trivia: According to Boone Pickens, how much is the U.S. sending overseas for oil?
Holding Rationale for USO.
According to Boone Pickens, how much is the U.S. sending overseas for oil?
“We are now paying out…an estimated $600 billion a year for oil,” he said. “It’s four times the cost of the Iraqi war, and not one of the politicians running for president has anything to say about it. I don’t know whether they don’t know it, or they don’t want to mention it.”
Disclosure: At time of publication, William Trent is long oil via the USO ETF (USO).
Disclosure: Author is long UNITED STS OIL FD LP UNITS (USO) at time of publication.
Tagged Stocks: USO
Posted at 03:22 in Holding Rationales | Permalink | Comments () | Top
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