Jun
7th
Sat
7th
Oil is becoming a BIG bubble, the same as the tech stocks and real estate. You can see the bubble growing with articles like the one above in the WSJ today.
When it was tech stocks there was a “change in fundamentals” when it was real estate it was “it will never go down it is real estate” and now it is oil and it is “there is not enough”.
There is more then enough and they continue to find more and alternative sources. My guess is that once the bubble bursts (probably 18-24 months from now) oil will be around $60 per barrel.