113 comments on This Week in Petroleum 11-21-07
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113 comments on This Week in Petroleum 11-21-07
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I would argue we haven't been in a stable environment in any industry for a few decades now. Too much change, new opportunities, new technologies etc. for that old paradigm to work. Yet they keep churning out MBAs with the same old failed mindset and tools. Its endemic, plodder begets plodder and civilisation ossifies.
The solution is very simple. Bet against the system by buying oil futures. If 1/4 of the population did this, oil would be too expensive to afford and we would be forced to adjust.
perhaps the overleveraged consumer can get a large cash advance on the nearly maxxed out credit card to accomplish this.