Going to be alot hurt feelings when the oil bubble bursts.
Demand is increasing. Supplies aren’t. I won’t be betting on Oil-Bubble bursting any time soon.
Bubbles are only burst when there is rising supply (tech stock bubble, housing bubble, tulip bulb bubble).
Due to peak oil, supplies will be falling over time, not rising.
There will be pullbacks, but oil will grind relentlessly higher.