Ready for $262/barrel oil?

[Roon]

Two of the world's most successful investors say oil will be in short supply in the coming months.
http://money.cnn.com/2006/01/27/news/international/pluggedin_fortune/index.htm?section=money_latest

[WI_DEM]

1. Jesus, what will the price at the pump be with that?

if there is any silver lining it will mean massive GOP losses in November--especially with huge gas prices at the pump.

[Swamp Rat]

2. Good thing I have bicycles.

:)

[FloridaPat]

3. Looks like it's time to get one.

[yourout]

4. At that price........alternative and Bio fuels would be cheaper.

Sure would put research on the fast track.

[bigscott]

5. at that price

gas would be about $11 per gallon

[Twist_U_Up]

6. Good maybe this will be the snapping point we need.

Well not really good but until something snaps these people that just care about their daily lives into reality,we are just spinning our wheels

[MadHound]

7. Yes, yes I am!

At least partially ready. First off I have one of these

A Bajaj scooter, 100mpg, goes 55-60mph. Here in a couple of weeks, I will be starting my garden for the year, and I'm growing lots and lots of produce. Finally, I'm putting in an external woodstove this summer, so I don't have to pay the gas prices next winter. And who knows, perhaps I'll buy a goat or two and let them graze over the property rather than mow it. Cause lord knows, it's going to be expensive to mow.

[stop the bleeding]

12. right on

[RufusEarl]

8. New this was coming

Been stocking up on supplies. Peak oil, and the Bu$h people or laying off scientist that are working on alternative fuels. Brilliant!!

[madrchsod]

9. bullshit

oil is not going to be in tight supply. it`s the people who will reap the profits that will tighten the supply. the saudi`s had a heart attack because they were afraid we would cut them off..if we had a intelligent president we could with in a few years.

[Egalitariat]

10. Before that happened, we'd seize the Saudi Oil fields and start shipping

it home for $10/barrel.

[ProfessorGAC]

11. Sometimes Successful Investors. . .

. . .say things to stir the pot because they know the speculators who aren't as clever will panic. Then the original statement becomes a catalyst for market fluctuations that allow the really smart ones to make tons of profit. This has the earmarks of that kind of market influence.
The Professor