Let's hope Steve Forbes will be right!
At an international conference this week, billionaire Steve Forbes — who has some financial expertise — said oil prices would drop to between $35 and $40 a barrel within a year’s time. Mr. Forbes said it may sound "like a bold prediction" but he told the audience "the bubble has to burst some time." He based his prediction on a rational analysis of market forces, supply and demand, and other factors involved in calculating prices of natural resources. Some public officials, though, are not into rationality. Nine Democratic members of the House Judiciary Committee wrote the Federal Trade Commission this week demanding an investigation into high gas prices. "These increases go far beyond anything justified by disruptions caused by Hurricane Katrina," wrote Rep. John Conyers of Michigan...