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DewDiligence

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DewDiligence

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Re: OakesCS post# 3826

Monday, 01/16/2012 5:49:03 PM

Monday, January 16, 2012 5:49:03 PM

Post# of 29408
Mario Gabelli on the price of oil (from the annual Barron’s roundtable in #msg-70894995):

We will drill for shale oil, which will make us less dependent on foreign energy sources. But something may happen in Saudi Arabia in the next few years and oil prices will go up. You can't have an Arab Spring that affects all other countries but Saudi Arabia.

Saudi Arabia is sui generis, so I’m not sure I agree. Comments?

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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