[Sooth2222]

"As I said in a previous incarnation of this story, Mr. Forbes' prediction would gain much more credibility with me if he were to announce that he is shorting oil -- he certainly has the financial resources to do so."

Yeah, I agree.

(This Steve Forbes guy is a commodities trader or something? Or is he some sort of a Nooo Yawk City magazine publisher?)

I'd be a lot more impressed if I had heard that T. Boone Pickens had gone short crude, and I haven't.

[ex-snook]

THAT OLD BLACK PRINT MAGIC or did Forbes go 'all in' on this?

Baby down and down I go,
All around I go
In a spin, loving the spin that I’m in
Under that old black magic called love spin?.

[ex-snook]

THAT OLD BLACK PRINT MAGIC or did Forbes go 'all in' on this?

Baby down and down I go,
All around I go
In a spin, loving the spin that I’m in
Under that old black magic called love spin?.

[fooman]

T Bone says oil demand = 87 million barrels per day
and oil supply = 85 million barrels.

My advice to freeper over the past 15 months has been to trade you wheels for an econo box and use the insurance/tax/gas money you save to dollar cost into a good energy fund like vanguard. At a minimum this will hedge your gas consumption expenses.