Wouldn't it be nice if those recent oil spikes were entirely due to speculators/investors, and these greedy hedge and pension funds are simply creating an "oil bubble" that will burst sooner or later?

According to Iraq's Oil Minister Hussain al-Shahristani:

There is more oil in the market than consumers want. What is driving up prices is an increase in speculative funds. An increase in production by OPEC countries would not really change the scenario – it would not affect the price. (source)

For the past few weeks, Citigroup (C) shares has been nose diving and it seems that the time to buy its shares at a bargain is coming soon.

Take a look at Citi’s 10-year price history:

If you are unsure about where oil prices are headed, read on.

After the recent surge in crude oil prices, experts and analysts alike seem to have different opinions about where oil prices are headed next. On one side, there are those who claim that speculators have drove oil prices too high and have caused a bubble which will burst sooner or later.

Warren Buffett recently said that the US is already in a recession and I totally agree with him.

Buffett added that it is “perhaps not in the sense that economists would define it” with two consecutive quarters of negative growth, “but the people are already feeling the effects,” said Buffett. ”It will be deeper and last longer than many think.”