Dan Ackman

World On Brink Of Ruin

Stephen Roach, the chief economist for Morgan Stanley & Co., one of the most powerful investment banks and one of the 50 largest companies in the world, says Greenspan has “driven the world to the economic brink.”

January 11, 2005

Prophets of doom: the coming oil crisis

The world economy has gotten fairly comfortable with oil at $45 a barrel. But how will it react to paying $100 a barrel three years from now? Or $150 in five years?

January 11, 2005

Delta Woes Flown In From Saudi Arabia

While Delta, like other airlines, cut about $600 million in costs between 2001 and 2003, its fuel costs at the same time went up by about $120 million. Given that oil prices have increased by roughly three-quarters in a year, the fuel expense for 2004 will be much worse.

October 28, 2004

Is Oil Heading For $100?

What is the scenario in which oil hits $100 per barrel in the next five or six years? Simmons speaks of a phenomenon called “Peak Oil” and says it is “as inevitable as death,” though, like death, predicting its precise timing is not easy.

October 18, 2004

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