Oil below $80 is a good long term buy?

If you aren't overleveraged?

 

If we have a global depression, oil could to back to $30... If Hank Paulson saves the world and growth rebounds, oil is going to $300.

That's why these markets are uninvestible IMHO and why we are fucked whatever the outcome.

 

but very OTM calls & puts?
Think Taleb's black swans / fat tails

 

The time to buy "fat tail" exposure is when volatility is LOW, not when it is SKY HIGH.

 

true,
kinda late on that

 

Fed just announced unlimited liquidty for not just U.S. banks but the entire world. The time to buy crude is right now.

 

Yes.