Sophisse

Is Oil a Bubble? Part Two

As if a single quarter delta of 2% vs 2.5% proves anything - ordinary fluctuations or heck a rounding error could do that. Or perhaps the price increases caused demand to dip a smidge - without the price increases, perhaps the world would have tried to burn 3% i.e. more than is available.

I'm sure there are speculators around - when prices of anything shoot up, speculators will be there. Perhaps that means oil will drop some from current prices. But is anyone suggesting it will fall to $10?