So, if oil tanks will the much-maligned oil speculators who got in over their heads ask the government for a bail out too? Then we'll see what the politicos will do, scapegoating the speculators now, but telling us that if they don't get bail out (iin the future) the world will come to an end.

It's a free market. Let them live with their business decisions.

You had better be correct RIR or I'm sending a stripper video of Myself to You as punishment for being wrong.

Larry

Larry, ROTFLMAO!

Funny Flag!

I'm not saying the article's right. I just thought it was interesting.

So, please, whatever happens, keep the video.

Not going to happen.

Demand is going up globally and price will follow.

End of story.

RIR -- Thanks for the encouraging link. But it was dated 3 weeks ago, and nothing has changed. In fact, people were warning that real estate was becoming a bubble in 2003, 4 years before it started to tank. So if we are mid cycle in teh "oil is a bubble" warnings, expect it to double again before it snaps back.

(And, btw, RE may drop 33% from its peak in most markets, perhaps as much as 50% in Florida, but resorces and real estate inflation is real. They just don't make any more of the stuff, and population is expanding fairly rapidly in the Middle East and 3rd World, and the middle class is expanding in most emerging markets, Both dynamics mean more competition and more demand for increasingly scarce resources.

RIR -- Thanks for the encouraging link. But it was dated 3 weeks ago, and nothing has changed. In fact, people were warning that real estate was becoming a bubble in 2003, 4 years before it started to tank. So if we are mid cycle in the "oil is a bubble" warnings, expect it to double again (to $260?/bbl) before it snaps back.

(And, btw, RE may drop 33% from its peak in most markets, perhaps as much as 50% in Florida, but resorces and real estate inflation is real. They just don't make any more of the stuff, and population is expanding fairly rapidly in the Middle East and 3rd World, and the middle class is expanding in most emerging markets, Both dynamics mean more competition and more demand for increasingly scarce resources.)

How will you know when oil is getting ready to tank?

Watch for a push from the major retail brokerages along the lines of "you can make money from the oil boom!"

They always work hard to get the little guys on board the train before it runs in the ditch.

The article points to the run up and fall of silver prices in the 80's. So where do we get oil? The Dump.

Overpopulation will kill us all.
It is currently doing this very thing.

Sadly only the stupid (not the brilliant) are breeding.
Bob

Why Oil Will Tank--

YEAH!

The Prelude to the Gas is Cheap-- line no doubt to be coming out of a Bush Cult Cake-Hole Near you soon!

October surprise.....$2.00 a gallon gas and a glowing Iran.

Why Oil Will Tank--

cuz there is an election in November, it will return to the present price and continue rising afterwards.

I got $20 that says we're at $5/gallon or more by the end of the year...any takers?

When Bush was elected in 2000 I said we'd go to war with Iraq and gas would be 5 bucks a gallon before he's done. Now if I could just get those damn lottery numbers.....

When Bush was elected in 2000 I said we'd go to war with Iraq and gas would be 5 bucks a gallon before he's done.

Was that before or after monkeys flew out of your ass?