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Politics : Politics of Energy

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To: Brumar89 who wrote (15525)	12/19/2009 11:34:16 AM
From: Eric	Read Replies (1) of 86356

Is Buffet a fool? Depends. If he thinks the U.S. economy is going to snap back big time then his bet will pay off. IMHO I don't think it will. If you think oil will get cheaper going forward for many years adjusted for inflation then he will recoup his investment and make some money. I don't think that will happen. Find us 4 or 5 Saudi Arabia's Brumar and I just might, might change my mind. (For a little while!) :) In less than 40 years the majority of rail transport will be powered by electricity. JMHO

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