omodes123

Barron's Banks on $100 Oil

--> SWRichmond. We are at the end of the bubble for sure. Crude was $10 a barrel back in Jul-1998. So this is a bubble running for ten years now. It's ripe to pop. Once everyone starts talking about a bubble it usually pops around 3 to 6 months later. Smart money will be selling into strength.

Rising Crude Oil Is Driving the Dollar Down

and thus the rise in oil prices. the author has it backwards... it's the falling dollar which is causing higher oil prices. not the other way around. reserves simply don't justify the cost right now.