Thursday, July 06, 2006

Oil prices might come down if everybody dies

It's a bad news / bad news scenario. Big buck investor Jim Rogers told Reuters he expects oil to hit $100 a barrel and stay there.

Except in the case of a bird flu epidemic.

"If bird flu should break out, everything will go down and oil would go down to $40, but I would still urge people to buy oil. It would go down less than other things and it would be the first to go back up," said Rogers.

Meanwhile, U.S. automakers continue to push gas-guzzling SUVs to consumers. Talk about refusing to face reality.

Meanwhile, Milwaukee County continues to gut its Transit System. Talk about refusing to face reality.

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