Thursday, February 24, 2005

Prophets Of Doom

Prophets Of Doom
The Coming Oil Crisis
Dan Ackman, 01.13.05, 6:00 AM ET
The world economy has gotten fairly comfortable with oil at $45 a barrel. But how will it react to paying $100 a barrel three years from now? Or $150 in five years?
That's what the future holds according to Stephen Leeb, president of Leeb Capital Management and author of The Oil Factor (Warner Books 2004). The result, Leeb says, will be double digit inflation--if we're lucky. If we're not, it will be a severe depression....