I’m thinking that as oil peaks in price in the coming days/weeks, it would be a good time to buy up some of the SCO ETF which is an ultra short play on oil price. Basically as oil price drops, SCO goes up.
If the west embargoes Russian oil and/or Putin weaponizes oil exports, the price of crude will probably spike to 120/130/140. That price will be unsustainable as demand will drop due to high prices and also eventually more supply will come online as oil producers look to cash in.
I’d like to get opposing ideas as to why this may not be a good investment. I suppose prices could go up even further, but again market forces will eventually drop it down.
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