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Oil Trader makes $100 million betting on peak oil

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Oil Trader makes $100 million betting on peak oil

Unread postby Plantagenet » Sat 17 Oct 2009, 13:20:09

A British oil trader and peaker made 100 million dollars over the last 6 years betting that oil prices would rise. LeAnn posted this in the news section.

Peaker makes $100 million betting on peak oil

Seems almost like a sure thing that oil prices will continue to rise unless the economy collapses again, which it is sure to do if oil prices rise too much.

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Re: Oil Trader makes $100 million betting on peak oil

Unread postby Revi » Sun 18 Oct 2009, 16:42:51

This will get people to take notice of peak oil.

I think the price will keep going up.

We'll see.
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Re: Oil Trader makes $100 million betting on peak oil

Unread postby Daniel_Plainview » Sun 18 Oct 2009, 17:00:19

Plantagenet wrote:Seems almost like a sure thing that oil prices will continue to rise unless the economy collapses again, which it is sure to do if oil prices rise too much.


There are two sure things: (1) that oil prices will rise; and (2) that oil prices will collapse. 8)
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