The Oil Price Bubble

[jwmorrice]

Here's a story from Der Spiegel on speculation in the price of oil. It contains some nice nuggets of historical information. It makes one wonder when, or if, the oil price bubble will pop. http://www.spiegel.de/international/business/0,1518,538412,00.html

jwm

 

[lasslicker]

A major factor in the increase of oil prices, and many other commodities is the correlation with the erosion of the value of the US Dollar.

 

[Hank Reardon]

Nothing is popping pal, there is only so much oil, and they ain't making more.

100, then 200 , then 300

 

[bananaman]

Nothing is popping pal, there is only so much oil, and they ain't making more.

100, then 200 , then 300

I agree. Increasing demand from China and India will keep oil prices going in only one direction, and that's up.