Tuesday, December 20, 2005

MORE ON THE BIG OIL CRASH

Now Fortune magazine is covering the issue of the demise of big oil. It discusses billionaire Richard Rainwater: Rainwater is something of a behind-the-scenes type—at least as far as alpha-male billionaires go. He counts President Bush as a personal friend but dislikes politics, and frankly, when he gets worked up, he says some pretty far-out things that could easily be taken out of context. Such as: An economic tsunami is about to hit the global economy as the world runs out of oil.

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