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Registered
Join Date: Apr 2002
Location: Clinton, NJ
Posts: 12,782
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The Oil Bubble
An interesting take on the rise of oil prices.
http://www.nj.com/business/ledger/index.ssf?/base/business-9/121350453030820.xml&coll=1
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______________________________ Dave 1969 911T Coupe 1972 911E Targa |
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06-18-2008, 08:30 AM
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Registered
Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,140
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nice and uncomplicated read
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Ronin LB '77 911s 2.7 PMO E 8.5 SSI Monty MSD JPI w x6 |
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06-18-2008, 10:27 AM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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I agree completely even though there are commodity traders who argue against it, even on this board.
Dot-com, then real estate, then gold, then oil, what's next? I'm betting big-time on natural gas which is already starting to move. China natural gas already has me giggling like a school girl. |
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06-18-2008, 10:59 AM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Wow, it's like someone copied what I've been saying from Pelican...
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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06-18-2008, 11:06 AM
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Registered
Join Date: Oct 2006
Location: Colorado, USA
Posts: 8,279
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History has proven that any time any commodity doubles in price in one year, be it a house, the stock market, etc., it is always a bubble. Oil is no different.
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06-18-2008, 11:16 AM
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