It's only a bubble if it pertains to real estate. All increases in the value of gold or oil can be explained through economic fundamentals. /sarcasm
It's only a bubble if it pertains to real estate. All increases in the value of gold or oil can be explained through economic fundamentals. /sarcasm
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Yes, there is much more to this scenario that just "oil company profits". I hope these mongers on the world market choke on it. It could happen... :-)
While a case can be mae that the price of crude is over valued by about 15% or so, that is hardly a bubble. Demand for crude oil is largely in eleastic. On the other hand is clearly in a bubble that was fueled by cheap credit, not economic fundamentals.