Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Why $200 Oil Would Be a 'Good' Thing (yup, upchuck)
YooHoo! Finance ^ | June 06, 2008 | Aaron Task

Posted on 06/06/2008 10:50:35 AM PDT by rightinthemiddle

"99% of investors need to focus less on the big picture and more on what their stocks are doing," says fund manager Howard Lindzon.

But Lindzon does have some thoughts about the "big picture," particularly the endless debate about oil. Here, he gives the rationale for why $200 oil would be a good thing, because it might finally force America to get serious about alternative energy and get U.S. automakers to really innovate.

"Maybe it's important oil finally goes to $200 so we do something else," he says.

From an investor's perspective, "you can't be ashamed to be making money in oil stocks," Lindzon says. Noting that assets in commodity funds have risen to $260 billion today from $13 billion just a few years ago, Lindzon says it's crazy to bet against oil's rise: "If you're trying to top-tick oil, you are in front of a steam roller and could go broke."

So how does Lindzon, who runs the long-only Lindzon & Associates and is a partner in two other funds called Knight's Bridge Capital Partners, explain why he's recently been trying to short oil?

"I don't practice what I preach," he says, only half-joking.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: algore; energy; energyprices; environment; global; globalwarming; manbearpig; oil; wackos; warming
Navigation: use the links below to view more comments.
first 1-2021-31 next last
From the article:

"Maybe it's important oil finally goes to $200 so we do something else," he says.

There you go.

1 posted on 06/06/2008 10:50:35 AM PDT by rightinthemiddle
[ Post Reply | Private Reply | View Replies]

To: xcamel

ping


2 posted on 06/06/2008 10:51:06 AM PDT by rightinthemiddle (The Mainstream Media Controls Our Party. Go, RINOS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightinthemiddle

But the good news it oil will only cost €120 for the rest of the world.


3 posted on 06/06/2008 10:52:02 AM PDT by VRWCmember
[ Post Reply | Private Reply | To 1 | View Replies]

To: VRWCmember

I just learned a new keyboard shortcut for a euro symbol and wanted to see if it would work on html posting. (If you’re interested, the shortcut is to hold down the Alt key and type 0128 to get the Euro symbol.)


4 posted on 06/06/2008 10:53:53 AM PDT by VRWCmember
[ Post Reply | Private Reply | To 3 | View Replies]

To: rightinthemiddle

Note to moron Left.

Europe all ready does pay around $9.00 a gallon. Why are they not “getting serious about Alternatives”?


5 posted on 06/06/2008 10:57:11 AM PDT by MNJohnnie (http://www.iraqvetsforcongress.com ---- Get involved, make a difference.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightinthemiddle

***because it might finally force America to get serious about alternative energy***

It might finally force American’s to realize there is NO alternative energy available.


6 posted on 06/06/2008 10:58:01 AM PDT by tobyhill (The media lies so much the truth is the exception)
[ Post Reply | Private Reply | To 1 | View Replies]

To: VRWCmember

€ - Kool.


7 posted on 06/06/2008 10:58:02 AM PDT by b4its2late (Ignorance allows liberalism to prosper.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: rightinthemiddle

NYMEX crude oil 136.69 +14 in two days

Alarming though is RBOB gasoline 3.50 +.16 today

Astounding is heating oil 3.93 +.25 today

These are so far without explanation of any sensible kind.


8 posted on 06/06/2008 10:59:46 AM PDT by RightWhale (We see the polygons)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightinthemiddle

Well, it is on its way there rapidly today. Up over $9/bbl, topping $137.

Heating oil just went limit-up today. I don’t remember the last time heating oil went limit-up as we were coming OUT of the heating season.

Diesel fuel is going to go to the moon now, and as a result, you’re going to see some real economic disruptions.


9 posted on 06/06/2008 11:00:25 AM PDT by NVDave
[ Post Reply | Private Reply | To 1 | View Replies]

To: rightinthemiddle

For starters we could begin burning enviro-freaks for fuel.


10 posted on 06/06/2008 11:02:46 AM PDT by SampleMan (We are a free and industrious people, socialist nannies do not become us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RightWhale

“These are so far without explanation of any sensible kind.”

How about an Israeli minister saying Israel will take Aoddmanhandjob and Iran’s nuclear capabilities in public?

http://www.freerepublic.com/focus/f-news/2027103/posts

Report: Israeli Minister Says ‘We Will Attack Iran’ if Nuke Program Continues
FOX News ^ | Friday, June 06, 2008
Posted on Friday, June 06, 2008 8:38:54 AM by Issaquahking
JERUSALEM — Israel will attack Iran if it doesn’t abandon its nuclear program, a Cabinet minister hoping to replace embattled Prime Minister Ehud Olmert was quoted Friday as saying.

Transportation Minister Shaul Mofaz also said Iranian President Mahmoud Ahmadinejad “will disappear before Israel does,” the Yediot Ahronot daily reported. Ahmadinejad has called repeatedly for Israel’s destruction.

Mofaz’s spokeswoman did not immediately return a call seeking comment on the remarks, which were much more explicit than anything Olmert himself has said. Olmert has gone no further than hinting that Israel was prepared to use force against Iranian nuclear facilities, saying only Tuesday that “the Iranian threat must be stopped by all means. “


11 posted on 06/06/2008 11:06:45 AM PDT by Grampa Dave (Hussein ObamaMessiaHamas's Vanilla Ice Priest, Pfleger,“America is the greatest sin against God!")
[ Post Reply | Private Reply | To 8 | View Replies]

To: RightWhale
These are so far without explanation of any sensible kind.

It's being blamed on comments out of Israel, as far as not permitting Iran to proceed with their nuclear ambitions.

12 posted on 06/06/2008 11:09:28 AM PDT by RegulatorCountry
[ Post Reply | Private Reply | To 8 | View Replies]

To: Grampa Dave

The Minister of Mass Transit has no jet bombers.


13 posted on 06/06/2008 11:10:08 AM PDT by RightWhale (We see the polygons)
[ Post Reply | Private Reply | To 11 | View Replies]

To: rightinthemiddle
So how does Lindzon, who runs the long-only Lindzon & Associates and is a partner in two other funds called Knight's Bridge Capital Partners, explain why he's recently been trying to short oil?

Window dressing for his long positions.

14 posted on 06/06/2008 11:13:29 AM PDT by facedown (Armed in the Heartland)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RegulatorCountry

Seen that. No good. Gold is flat today.


15 posted on 06/06/2008 11:16:55 AM PDT by RightWhale (We see the polygons)
[ Post Reply | Private Reply | To 12 | View Replies]

To: VRWCmember
↕¢±`↕‼‼☼1╟▓◄↕↕æ☼►‼◄├ª♂☺☻♥♠◘♣♠ look what I got with Alt and keypad.
16 posted on 06/06/2008 11:31:14 AM PDT by Orange1998
[ Post Reply | Private Reply | To 4 | View Replies]

To: rightinthemiddle
"Maybe it's important oil finally goes to $200 so we do something else," he says

Yeah, like increase production in this country finally.

17 posted on 06/06/2008 11:31:42 AM PDT by Nachum
[ Post Reply | Private Reply | To 1 | View Replies]

To: MNJohnnie

Some of the Euros are very serious about energy. Efficient diesels are a large % of the cars sold there, and nuclear power is enthusiastically embraced, at least in France.


18 posted on 06/06/2008 11:36:47 AM PDT by hellbender
[ Post Reply | Private Reply | To 5 | View Replies]

To: hellbender

From the context of his comments I took him to be talking about autos.


19 posted on 06/06/2008 11:42:54 AM PDT by MNJohnnie (http://www.iraqvetsforcongress.com ---- Get involved, make a difference.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: MNJohnnie

Europe all ready does pay around $9.00 a gallon. Why are they not “getting serious about Alternatives”?

Are you sure they are not?

http://www.spiegel.de/international/business/0,1518,480186,00.html

http://www.biodieselinvesting.com/biodiesel-archives/category/europe/

http://www.autobloggreen.com/2008/04/26/european-biodiesel-board-files-unfair-competition-complaint-agai/

Keep in mind most of the Europe fuel cost is tax. Pretty easy for the governments to apply the same to other fuels as well.


20 posted on 06/06/2008 11:51:55 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-31 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson