Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (54142)	10/10/2004 10:14:34 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

quote.bloomberg.com Hello Jay. Saudi Arabia knows an opportunity when they see it. Production capacity to be boosted 30% over a couple of years. That means it's time to short oil. Oil is over the top in price. It's more expensive than any number of alternatives and has nowhere to go but down. Okay, it's true that it could go up quite a lot yet before going down, but that's just a volatility issue. That Hubbert's peak stuff is irrelevant to life in the fast lane. So what if oil production peaks? There's plenty of other stuff to keep things moving, even if oil production does start declining. Mqurice