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The Oil Bubble Will Meet the Same Fate as Tech, Housing

India's economy is already showing signs of trouble, China has been subsidizing gas prices as have many of the surging economies. Infrastructure for all these new cars isn't in place. Once the Olympics are over and the world's eyes aren't focused on China I think that their overheated economy will hit some bumps in the road. High oil prices will ultimately kill world demand or at least slow it down. But gee wiz, if Goldman Sachs says oil will hit $800 a barrel then surely it will.