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  • Is Oil Bubbling Over? [View article]
    A huge increase in the margin requirement for trading oil or a denial of leverage would produce amusing results but the bubble will likely end like all others - once everyone's bought, there's no one left to buy anymore.

    According to that Bespoke chart on your blog, it looks like we have at least another 30% upside from here and maybe another year.

    Unlike the other 2 recent bubbles on the chart, this will produce some fantastic innovations in energy efficiency so the pain is not without gain. The last oil bubbles reduced the US energy per economic unit requirement by 20% each.
    May 08 16:21 pm |Rating: 0 0
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