Calvin C.

Is Oil a Bubble? Part One

Thanks Sean Mayer for posting this:
""prices have increased the most dramatically in the first quarter of 2008. We calculate that Index Speculators flooded the markets with $55 billion in just the first 52 trading days of this year; that's an increase in the dollar value of outstanding futures contracts of more than $1 billion per trading day."
If this is true, then there will be a massive sell off for profit taking. Once the 1st domino falls, the entire set will collapse...