Date: Sun, 21 May 2006 19:30:12 -0500
From: "Tom C."
Newsgroups: misc.invest.financial-plan
Subject: Re: Is this "greatest hedge fund" a Buffet thing?
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You ought to see the one they wrote up for shale oil. They REALLY
twisted that story. Once I researched it it turned out that a quote
from a guy backing it up (out of context of course) and in reality the
guy thought it wasn't a good fuel at all. They quoted him as calling
it a National Treasure, when I looked it up it turned out he meant the
nature part of the area was a national treasure, NOT the shale oil -
which really isn't oil but kerosan or something - it's a poor fuel
which uses a lot of energy to get some out. I can't see how it can be
a net gain. I don't know if with high oil prices that will turn out to
be a viable thing or not, but I was really angry that they did what
they did in that sales pitch. Now Canadian oil sands are a different
story altogether.....
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