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These guys think it's a good idea: http://www.reuters.com/article/2015/01/13/us-oil-tankers-storage-idUSKB…
As a long term buy, yes, it'll go up, in the long term. But how long it will take vs. another investment to make it a 'good' long term buy, is the hard part.
OPEC denied a meeting to talk about the low prices so they seem to be fine with it for now.
The reason why so many people don't make money going long is because of a lack of confidence. Right now, oil is low, and the reason why it's low is because so many investors are still afraid to enter Oil. As soon as their fears dissipate you're going to see that price rise. A lot of people are afraid to buy oil right now, but those are exactly the type of environments that you find cheap investments in. It's probably going to be a bouncy ride, but I feel like as soon as summer arrives when people start driving more, demand will increase. February is the coldest month of the year I doubt a lot of people are using their cars as much as they use them during July or August. Be greedy when everyone is fearful.
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