How About Oil at $262?
Posted on January 29th, 2006 by MoverMike
From Carl Limbacher at NewsMax, Ready For $262-a-Barrel Oil?
According to Fortune magazine’s Nelson Schwartz, two of the world’s most successful investors say oil will be in short supply in the coming months.One of them, Hermitage Capital’s Bill Browder, has outlined six scenarios that could take oil up to a downright terrifying $262 a barrel.
What’s the one thing that could send prices to $262? The fall of the House of Saud in Saudi Arabia! (For me, I get amused by exact numbers like $262. If it only goes to $261, are they wrong? How about $262.50? It is hard enough to predict the future without an exact number like $262!)
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