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  • Is the Commodities Bubble Popping?- Fast Money Recap (4/29/08) [View article]
    John Egan - by the way, politicians don't solve problems - they create them. Democrates or Republicans are 2 faces to the same coin.
    May 01 00:17 am |Rating: 0 0 |Link to Comment
  • Is the Commodities Bubble Popping?- Fast Money Recap (4/29/08) [View article]
    The futures market may seem speculation. However it is a reflection of what people (you and me) are willing to pay for oil. By going to the gas station we are saying we'll suck in $120/barrel oil and $4/gallon gas.

    So if we wan to reduce cost of gas/oil, then there needs to be a corresponding reduction in demand.

    However, this is unlikely as everything we use is directly or indirectly derived from oil. Not to mention, now that China and India have seen movies from Hollowood, they too want the SUVs, big houses and RVs.

    I think &6/gal gas and higher is in the cards. This may lead to another military confrontation - which will drive price of oil even higher.
    May 01 00:13 am |Rating: 0 0 |Link to Comment
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