[People are going to have to pay to get rid of the stuff someday.]
Its got all the earmarks of a classic bubble, doesn’t it. Irrational exuberance driven by Green fear. And some point, supply and demand curves have to adjust. Just wish I knew how to short the top effectively.
You'll tell when the "top" has come when an unruly mob is marching on Washington with torches, pitchforks, and rifles, and an ecofascist hangs from every lamppost.
“Its got all the earmarks of a classic bubble”
And then some - we already know that over $50/barrel, we got 200 years worth of oil in Montana - and dont even get me started on why we are not drilling offshore of NJ, Florida, Calif.
Is it because the beaches in Miss, Tx, and La are covered in oil spill?