What the… ? Via:
Energy consumers and speculators are scrambling to take out options contracts to insure themselves against oil prices rising above $100 a barrel — a further sign of growing expectations of a spike in the crude market.
Some have even taken out contracts to protect themselves against prices rising to $250 a barrel in the next two years… [Scramble to insure against more oil price rises. Financial Times. November 5 2007]
I wonder when the famed Simon-Ehrlich wager will be invoked!
