Ready for $262/Barrel Oil ?($10+ A gallon gasoline)
Ready for $262/Barrel Oil?
January 27, 2006
By Nelson Schwartz, FORTUNE senior writer
Two of the world's most successful investors say oil will be in short supply in the coming months.
DAVOS, Switzerland (FORTUNE) - Be afraid. Be very afraid.
Billionaire investor George Soros, wouldn't make any specific predictions about prices. But as a legendary commodities player, it's worth paying heed to the words of the man who once took on the Bank of England -- and won. "I'm very worried about the supply-demand balance, which is very tight," Soros says.