richjoy

Oil Price Chart Since 1990

$134+ tonight--The bubble will soon burst! (And if you doubt it, just notice that the various oil stocks are falling in the face of rising barrel prices.)

So oil falls to $110...$100...$90.

It won't be long before oil starts up again; it's still about supply and demand; and unfortunately, only demand is rising.

Interesting story in today's WSJ on synthetic oil and the Air Force taking the lead in testing. As it is profitable at $55/barrel, let's get going on commercial production.