wsigler

Perfect Oil Storm Brewing in the U.S.

How many of you read dontcallmea..'s posted link? :

hsgac.senate.gov/publi...

I'd like to hear a rebuttal to that testimony.

My take is that this is definitely a speculative bubble. It will burst - but I've not a clue as to when. I doubt Congress will take any action, but if they do....

Yes, demand does now, or will in the near future, outstrip supply - and that will drive prices higher - but the MAGNITUDE of the present level is not justified by the near-term demand/supply equation. I believe there's a severe correction in the cards...that will overshoot a justifiable price - followed by.....???