re: Do you think there is an oil bubble?
I sure the Oil bubble will burst within the Next 90 days, due to high inventories, lowering demand, and higher production wordwide. But these cycles will will come faster in upcoming years. I suspect oil will dip to Mid $50's per barrel, then stage a base around $75 to $80 by Mid December 08. OPEC will likely have turn down production by then and Demand will likely rise again. The players in Big Oil will likely trim inventories by then.