Friday, March 7, 2008

Oil Bubble

One of my listeners brought up the idea of an oil price bubble much like the housing bubble. I, being the smart person that I am, pretty much dismissed it. I am a dweeb. Via Environmental Republican.

The flood of speculative investment into oil markets is inflating a price bubble that could pop and send crude prices sharply lower if U.S. petroleum demand continues to slump, analysts warned yesterday.

Tip to Instapundit