ronslim

Watch for Yourself: 60 Minutes Oil Story Was Spot On

I believe , as in any bubble, you have an expectation that the market loses balance around. Speculators, and consumers alike had expectations of something like peak oil fears. The market was afraid of lack of supply as far as it could see. As soon as Bush cleared the way for ocs drilling and the US started chanting drill, drill, drill the market calmed. Don.t worry though, we,ll get another chance on the oil bubble soon enough.