Depends on lots of factors. Any of the majors like XOM, CVX, COP are usually safe. Some of the other names like SLB or OXY or HAL are a little cheaper and will also rally when this is all over. I think they are all safe names and not going anywhere. For indexes, you can play ERX or OIL, or USO. Options can really make these more profitable if you can time them right. Re: Oil getting close to a 20 handle...still waiting.