I work for a major oil company with major operations in the Gulf of Mexico, and I can tell you that it's far more than that. I get daily reports. I read them.
``Higher oil prices are certainly inflationary,'' said Stephen Leeb, who manages $100 million at New York-based Leeb Capital Management, ...
That may be the SMALLEST 'Capital Management' firm outside of Spokane I've ever heard of. And in Spokane it would be small, very, very small. With 8 staffers - http://www.leeb.net/our_people.html - and maybe a million a year in gross revenues, how much does he make for himself?