Re: Ready for $262/barrel oil?
Leigh Meyers wrote:
The other, billionaire investor George Soros, wouldn’t make any specific predictions about prices. But as a legendary commodities player, it’s worth paying heed to the words of the man who once took on the Bank of England — and won. “I’m very worried about the supply-demand balance, which is very tight,” Soros says.
Be suspicious of any market-sensitive thing that this man says. He’s famous for taking a position and then using his considerable political and trading prestige to talk it up.
Doug