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November 11, 2008
Peak Oil


Yep. It sure was peak oil alright...

Luckily this time I had documented proof that I called it when it was trading around $115. It's too bad I couldn't figure out a better strategy to play it than a direct side bet. In Talebian hindsight I could have bought USO puts but the problem was guessing when the bubble would pop.

Posted by hoffmang | November 11, 2008 01:51 PM | TrackBack

Comments

Can you put up a similar graph with the euro-dollar exchange rate?

Posted by: aph on November 12, 2008 8:17 AM

Anyone other than me suspect that this is OPEC dumping to kill off biofuel development?

Posted by: Bill Cyrus on November 17, 2008 10:46 AM

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