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Oil Price: “This is a bubble and it will burst.”

Posted February 28, 2008

Baltimore — (TFN): Doubling from $50 to over $100 per barrel within less than a year, oil prices left behind the comforting equations of supply and demand and appear to have entered the rarefied spheres previously reserved for Internet start-ups selling sock puppets of dogs and vinyl-sided "luxury townhomes" squeezed four to a half acre on Farmer Bob's former alfalfa field.

And yet, the predictions of the commodities maven call for ever higher price levels. So do the rants of mad Middle Eastern dictators. 

So what's REALLY driving up prices?

I recommend you read this exquisite article by SPIEGEL ONLINE. It makes more sense than the reams of e-letter hogwash your favorite gurus have been dishing up!

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Posted by J. Christoph Amberger · Filed Under Oil and Energy 

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