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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Bearcatbob who wrote (67041)5/20/2008 12:44:26 PM
From: KonKilo  Read Replies (2) | Respond to of 542907
 
who is profitting from supply restrictions?

If both the POTUS and the VP had been, say, IT guys, PCs would now cost $3,000+.

Remember the infamous energy policy meeting Cheney held in early 2001, the top-secret one where the participants could not be named?

The dots are all there, awaiting connection.



To: Bearcatbob who wrote (67041)5/20/2008 4:24:41 PM
From: Cogito  Read Replies (1) | Respond to of 542907
 
>>Steve and Allen - I love you guys! Look below - who is profitting from supply restrictions?<<

Bob -

The story really doesn't indicate who is profiting.

I'm guessing that you saw the name T. Boone Pickens and figured he was profiting by this. Which he might well be. He is an oil man, after all. But the story doesn't say that.

I remember an interview with Pickens a couple of years ago. Oil had gotten into the fifties or low sixties, if I remember correctly. Pickens was asked when he thought oil prices would fall back into the forties. He said, essentially, you're never going to see oil in the forties again.

Obviously, he was correct. I'm quite sure his forecast of oil at 150 a barrel is correct as well.

- Allen