Apr. 29th, 2005

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I was reading a recent article in Fortune Magazine titled

The Smart Way to Play $60 Oil
I'm thinking, "The smart way? Buy arable land near a running river." What they mean is, you know, how to score in the markets. Money quotes for cluelessness: "And few experts expect energy costs to ease substantially anytime soon." " This is harder than it sounds, because existing fields in Alaska, Texas, and the North Sea are getting tired" and "That’s a nice cushion if oil prices do end up pulling back." If by soon you mean never, by tired you mean done for and by "oil prices do end up pulling back" you mean monkeys fly out of my butt on wings of starlight and dreams spouting fountains of gold from their ears.

This is just the financial equivalent of thinking with your dick. Get out of oil and into horses and windmills.

The Smart Way to Play $60 Oil )

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