posted by youngmoney on 1 months ago
First of all, Oil is not in a bubble, the dollar is in a bubble. What you are witnessing
is the rotation out of the worlds currency. Although demand and supply are real concerns,
they are not pushing crude higher. The market has already discounted anything you already
know. It's the dollar that is unknown.
My thoughts about crude......
posted by William W. Miller on 1 months ago
The story I get is you won't see $100 oil for a year.
posted by jjrbus on 1 months ago
I agree the bubble will burst. The reason I will not shot oil is I think "they" whoever
they are will pay the "terorists" to destroy some oil facilitys. So the bubble will not
burst for long!!!
posted by BullMilk on 1 months ago
I disagree, demand is growing faster from emerging markets/countries (china for one)..also
I heard sand oil is expensive to produce/get.
But if you feel strong on your theory, you should short oil.
posted by William W. Miller on 1 months ago
You well may be right.
posted by orlando457 on 1 months ago
Last ten years the world has more proven oil reserves than ever before.read the news new
finds almost every month.Brazil,cuba,canadien oil sands.the demand has not risen as much
as we have new resrves of oil.The oil market will crash right before the election .For
obvious reasons.
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