$BP is dominating the headlines, but it should not dominate your time as an investor.

I sat down with my pal and Stocktwits Director of ‘Research and Responsibility’ Gregor Macdonald to catch me up on all things oil spill, oil $USO, gold $GLD and Natural Gas $UNG.

I definitely got caught up on the stories behind the price moves.

More importantly, I thought through with Gregor some oil strategies that investors could consider including the basic materials of oil and gold themselves and the Tar Sands.