Oil’s Triple Whammy

As the lights went out early this morning, oil was back down on international markets and testing its low.  And oil is now facing three whammies in a row – with a special fourth whammy out this week in the XL pipeline decision.

This morning’s column offers a fine case study in how it’s cheaper to invest in environmentalists and lobbying in order to make money, than just about any other use of investment capital.

But first, more coffee and headlines and we roll into another Hump Day…with a somewhat abbreviated column due to being up late with a radio interview this morning… 

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Comments

Oil’s Triple Whammy — 2 Comments

  1. I just read this and I was at once struck at how sad this statement is.

    “Offers a fine case study in how it’s cheaper to invest in environmentalists and lobbying in order to make money, than just about any other use of investment capital.”

    I don’t disbelieve it at all either.