[FredZarguna]

The great oil crunch is another fabricated crisis; another “smoke and mirrors” fiasco; another Enron-type shell-game engineered by banksters and hedge fund managers.

And where is Enron today?

If, as the author claims the run-up in prices is due to speculation and no real problem with supply on the margin, those folks will be losing lots of money very quickly as US demand is down around 4.5%, exactly as happened with the housing-bubble and the internet-bubble, and exactly why we should not be bailing out anyone -- on either side -- of a bad mortgage.

Comparisons to overpriced tulips notwithstanding, artificial spikes in commodities cannot be sustained: there is simply not that much price elasticity. If the author is correct, the price of oil will crash.

[OKIEDOC]

Many will argue with me but the whole damn world is due for cyclical downturn in their economies.

Marginal Propensity to Consume has kicked in big time.

The US and the world has spent and bought at a pace that simply is not sustainable especially when you have so many bad decisions being made by Harvard trained financial experts worldwide.

I see these unsustainable oil prices backfiring on Opec as more and more industries start to fail because Joe Sixpack or Charlie Chan can't buy his next favorite toy because he has to buy food and gas.

I base my opinions on shopping for groceries each week for our household.

In fact last week I was over at the back of the local Wal-Mart and all the Roll Back Price signs was in the dumpster, so I figure things are not getting better any time soon.

[tcostell]

Crashing and falling are too different things.

There is no energy bubble.