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47 comments on Wednesday Open Thread

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GJ on December 14, 2005 - 7:36pm Permalink | Subthread | Parent | Comments top
Interesting story.  Rainwater reads a lot of energy blogs, so he's probably stopped here; however, I would doubt he's typed any comments since he doesn't do e-mail - he's a phone guy.

His problem is Simmon's problem and our problem - timing is everything. If the winter passes and oil prices drop into the 30's or lower, we'll be lumped in with the evangelicals who think Armageddon is just around the corner.

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Ripley on December 14, 2005 - 9:57pm Permalink | Subthread | Parent | Comments top
In his last Forbes 400 listing, Rainwater said, "Natural resources and oil have been good to me, but the big money to be made in those sectors is all over."  It's interesting how fast he's changed his mind.

The Fortune article quotes Rainwater as saying, "I wait for the blowup, then invest."  Any guesses on what he's thinking of doing, since he's already "long oil and liquid."

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47 comments on Wednesday Open Thread

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