Monday, April 03, 2006
Yep, Texas Billionaires "Get" Peak Oil Too
This item came out quite a while ago (December 2005 issue of Fortune) but it's still worth reading. For those who don't "know" Senor Rainwater, he was instrumental in amassing the $50 billion Bass family fortune, along with helping the current Emperor purchase a sports team in Fort Worth, Texas a few years ago (the "Texas Rangers," Chaos thinks). Simply put, the man has made his fortune by being able to divine future trends and take advantage of them, and now he's scared stiff of peak oil. If you think subscribers to this "theory" are just rogue scientists, internet crackpots, and minor sentient forces of nature like Chaos, you are sadly mistaken.