If energy speculators lose their shirts when the bubble bursts, even better.
Why? You a communist or something? I'm profiting from the burst in oil prices but I didn't cause the price of oil to go up. I'm helping oil companies get more money so they can do more exploration to get more oil thus someday lowering the price.
I don't know enough details since the link does not work of why Forbes is saying $30 to $35 a barrel within a year but everything goes in cycles. We may be near the high before it drops back down some but everybody else is saying oil is going to go much higher. That $30-35 I believe is pure bull within a year.
Oh, so you're just hitching a ride on the Gouger Express?
I'm helping oil companies get more money so they can do more exploration to get more oil thus someday lowering the price.
HAHAHAHAHA! So THAT'S what they're doing with the obscene profits they're making by exploiting this tragedy. Here and I thought they were using the money to flush their toilets with Perrier.
> You a communist or something?
Watch your language, please :)
> I'm profiting from the burst in oil prices but I didn't cause the price of oil to go up.
Buying up futures with a limited supply drives up the price per barrel.
Are you invested in oil futures or oil company stock? If it's futures, you most certainly are a part of the cause of the dramatic rise in oil prices.