Says Leon Louw, executive director of the Free Market Foundation, at a conference on intellectual property rights in Johannesburg, South Africa today: “The internet wasn’t invented by Al Gore. In fact, Al Gore was invented by the internet.”
Interesting speculation in a column on oil, from an investor’s perspective:
Has “peak oil” been postponed? We have seen a sharp fall in the price of a barrel of crude oil … [to] under $70 per barrel … after … a new closing high of $78.21 as little time ago as August 1.
He proceeds to cite a whole bunch of reasons why we’ll get $66.60 for Christmas. But I reckon he’s wrong. I have a theory. It’s not a very big theory, or a very complex one. But it is my theory.
