erniem

Is Oil a Bubble? Part One

In a static model, oil prices remain fairly static.

In a world where the population increases yearly, and the growth of oil hog middle classes is skyrocketing, consumpion of a finite (please note that word) resource increases. So tell me again how a finite resource, which has between 25 and 65 years of life is overpriced. If it were water, and we were running out, what would you say?

Commodity Analysts Believe the Party's Over

Bingo. Inflation is wayyyy past the 3-4% the fed says is happening. Try 6-11%.