I have been doing a lot of reading into Oil of late and its potential as a long term investment. I know investing in commodities can be a bit speculative and that the oil price has been very erratic in the last 12 months, but I still think in these troubling times investments in the most common commodities may be the safest and most lucrative investments. So I'm very interested to read what others predict for the future of oil over the next couple months and years. I personally am quite bullish on oil in the longer term (12 months+), though I'm very undecided about where it is going in the short term. Part of me thinks that it is one of those commodities whose value has dropped immensely in the last 6 months and this may be a great opportunity to get back into before to takes off again considering the fundamentals in the long term haven't changed, assuming that you believe the world isn't about to end. Yet another part of me says that things are likely to get much worse before they get better and despite the talk of productions cuts by OPEC many of the major oil storage facilities are reaching capacity and over supply will force prices down in the near term, making me think that I will be able to buy in a hell of lot cheaper $25 - $35 if wait a few weeks/months. What does everyone else think?