momomiester

Oil Bubble? Nope

Isn't Goldman the same tools that bought a lot of subprime and had huge right downs? The beauty of a bubble is people fail to realize it till it blows. I saw it in March of 00 and with housing back in 05. When the masses are so totally convinced that demand is going sky high and 200 a barrel oil is the future it is time to cash out. The reality is demand is going to dive very soon as Detroit gets serious about MPG. They are ready to roll out a huge line of dramatically better fuel economy cars, this on top of the push for alternative energy sources are going to leave the oil longs like the subprime fools that though it was a new world.