Ask not if oil is a bubble, ask if the dollar is useless. in fact, people are forced to leverage oil as the better than gold substitute to the failing dollars. What are you going to do with it, AG had printed too many dollars and Mr.B keeps doing it till now.
America needs to pay off the war expenses and they do not produce nothing concrete to stand back at their dollars.
Is Oil a Bubble? Part One [View article]
in fact, people are forced to leverage oil as the better than gold substitute to the failing dollars. What are you going to do with it, AG had printed too many dollars and Mr.B keeps doing it till now.
America needs to pay off the war expenses and they do not produce nothing concrete to stand back at their dollars.
as simple as that.