simplesimon

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

The "oil bubble" phrase caught my eye, for it is just what I , and perhaps may other investors, have been mulling over. No one thought the silicon valley start ups would ever collapse; and suffice it to say that even the rarefied atmosphere experts were blind sided by the interminably balooning real estate bubble. My strong caution today is that the hysteria will subside over barrel prices, and a whole new population of investors will be impoverished overnight. Where does all this arrogance come from? For one thing, almost no one reads the Bible anymore, nor do they think morality has anything to do with anything. In fact it has everything to do with everything. The vast numbers of homes and lives razed by natural disasters has sharply increased, and will continue to get worse. The very reason those preachers we love to hate are so alarmed is because they Have read the Bible...moral decline equals economic decline, crop failure, and military defeat following that. The pattern is crystal clear, and no more vivid than in Judges, where Israel fell into moral morass, and humiliating ravaging by foreign invaders from Western Arabia seven times in a row. The seventh time, Gideon with only 300 men slaughtered 50,000 Midianites. Upon Gideon's return, the Hebrews celebrated by making a golden idol, and quaffing wine and fornicating in front of it. ...duh...
Brace yourselves for more devastating rounds of shock and dismay -for I assure you no one takes this seriously at all.