I’ve been telling you that this oil bubble was about to break and we’d see some movement by midsummer. Well, guess what?
Last week, the price of crude oil futures actually went down, and there
I’ve been saying this oil bubble we’re in is about to burst. I said just this morning:
Did you notice the prediction for $12/gallon gas? That’s usually the first sign of a bubble bursting. Just file it away for now.
Continue reading about Oil Bubble Bursting? Sure Looks That Way
By way of Henke, I note:
…it’s Democrat Sen. Amy Klobuchar who says speculation is behind high oil prices, and actually introduces legislation to “curb” speculation.
Our next step should be to stop the speculation that is driving up
Continue reading about Why Prices are High And Where Oil Ought to be