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September 27, 2004

Why high oil prices are good

I like being a contrarian if it means I make money. Take oil. Crude contracts are nearing $50/bbl. And all those SUV-driving upper-middle-class fools are fretting. I'm happy. My commodities fund has returned 28% since I invested in it in January. And as someone who doesn't use oil (except of the olive variety), I say, up, up, up! (Just don't cause too much inflation.)

Posted by adrianjo at September 27, 2004 12:48 PM

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