[lbo-talk] more on oil suply

Doug Henwood dhenwood at panix.com
Wed Sep 22 15:39:17 PDT 2004


Wojtek Sokolowski wrote:


>This piece argues that oil-based transportation has its days numbered.
>
>http://news.bbc.co.uk/2/hi/science/nature/3675760.stm

Of course there are long-term supply issues to be taken seriously, but it's also a fact that after a long run-up in oil prices, you're more likely to see such stories. According to market wisdom, once a market story makes the cover of Time or Newsweek, it's time to go short the commodity in question.

Doug



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