re: I'll agree when the XOM market cap surpasses $1 trillion
Untill then, I don't buy it.
This is a bubble, just like the tech bubble. Its a perfect storm of supply and demand.
Eventually it will reach its breaking point, prices will plummet, and stablize at a much lower level.
Alternatives, and other willing capitalists will cash-in on the action. Nobody, not even OPEC can control the price of oil.
