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

To: JohnM who wrote (67622)	5/21/2008 11:32:04 PM
From: epicure	Respond to of 542597

I think it's a bubble too. I wouldn't short oil, since you never know how bubbalicious a bubble will get- but I think it will pop- sentiment will change, and then...pffffffffffffffffffffft (the best way to play it is buy good companies hurt by high oil prices- they'll go up when oil goes down- and if they are good holds anyway, it's not as much of a gamble as a short)

To: JohnM who wrote (67622)	5/22/2008 12:03:20 AM
From: Cogito	Read Replies (1) \| Respond to of 542597

John - That's a fascinating article. One thing it reveals is that Mr. Pickens, who I had figured was correctly calling the increase in oil prices to 150, may well be quite wrong. But who knows how he's really invested? It's also very interesting that the oil futures market is completely unregulated in the US, and that the deregulation was done at the request of Enron. So there's no restriction in supply, yet the oil companies are profiting massively from an increase in crude prices? Well isn't that special? I await Bob's comments. - Allen