In oracle, you can issue:
create table foo as select * from bar;
What is the equivalent T-SQL statement?
You can use SELECT INTO. From MSDN:
The SELECT INTO statement creates a new table and populates it with the result set of the SELECT statement. SELECT INTO can be used to combine data from several tables or views into one table. It can also be used to create a new table that contains data selected from a linked server.
So:
SELECT col1, col2, col3 INTO newTable FROM existingTable;