Are you able to buy single berrels of oil?

i would like to invest in oil and have two questions. One: can me as an individual buy single oil barrels. Two: when i am buying it will i buy essentially pieces of paper saying i own it or do i need to physically take barrels

Sometimes you can approach a drill crew and with your own barrels in the back of your pickup, ask them if they can fill these up before they finish the piping to the refinery feeder line, then flash an appropriate amount of cash, yeah you might get a buyer.

Better still, there are some farmers and ranchers that have storage tanks for their own little wells (although most are already contracted or the tanks are owned by the company that owns a lease on the wells).

Finally, if you are cruising around the rural areas of southern Kansas, most of Oklahoma, and the better part of Texas, you will see what some call the 'short' oil trucks. They make the rounds of some of those little farm and ranch well storage tanks. That way you can find the land owners that own their own oil (and there are several). The short trucks will measure out what they draw from the storage tanks and their company pays the landowner for the oil they collect. So if the landowner lets you fill a few barrels in the back of your pickup, he might charge you a little more compared to the collector truck company (for his trouble) but you will get the stinky, sticky goo that a couple hundred products are made from in the refinery.

Now, what you will do with it is another matter. The chemistry gets pretty complicated. If you expect to just pour it into your gas tank then I hope you've got a wad of bucks ready to feed the car mechanics that will have to straighten out your mess. Unless you are a college chemist and want to do the equivalent of a med student buying a cadaver to practice his anatomy studies, it isn't worth the effort.

(BTW, I have a friend in Oklahoma who worked for a landowner who had a rather sizeable spread. The boss wanted to run up some operational losses, cattle prices had been very good that year, so he arranged for some oil wells to be drilled. Standing on a hill, he pointed out where he wanted wells drilled, no geophysical analysis, just out of the way places where he would spend money to drill a dry hole and get the tax deduction for the business loss. "Unfortunately" it wasn't until about his 16th hole that he finally got the dry hole he hoped for. May you likewise be so unlucky.)

I don't know what Cat is smoking.
You can't buy one barrell but you can play the oil market by buying oil futures contracts or there may even be an ETF for oil..I'm not sure. Look into Exchange Traded Funds for oil.
Just my 2 cents...I think there's a little more downside...maybe another $5 down to 35 but then I agree it is an excellent investment for '09. Oil is not going much lower because the US$ will be heading down soon and OPEC is cutting production bigtime real soon.

Oil is classified under the "Commodities" umbrella, which includes other natural resources such as Gold, Cooper etc.

It is common to privately invest in a Commodities fund or something similar, through a company say like JP Morgan etc.

Btw......I suggest you click the following link to help you make your decision.......

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_Szftxn_oQk&refer=home

Hope this info helps. Good luck.....

I hope you do realize oil is different from gasoline and you're not going to try to fuel your car with a barrel of oil.

No. One thousand barrels.

No, but you can buy contracts.

When one Invests "in oil", one does not actually purchase oil. It usually refers to buying stock in oil companies.

Light Sweet Crude is traded on the NYMEX commodity
exchange in contract units of 1000 barrels.

There are ETFs (exchange trade funds) that track crude oil

MacroShares $100 Oil Up (UOY)
PowerShares DB Crude Oil Long ETN (OLO)
United States 12 Month Oil (USL)

http://finance.yahoo.com/q/cq?d=v1&s=uoy+olo+usl

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