People are going to have to pay to get rid of the stuff someday.
US oil production has dropped 40% and consumption has doubled.
Congress decided to put a moratorium on new drilling on public land and developing oil shale. Congress has gotten in bed with Eco Freaks to get money and make Bush look bad at the same time and are about to wreck the country.
[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.