[tcostell]

I’m too tired to write it all out again, but there is no bubble. Look up any of the 12 gazillion posts I’ve put up about it if you want to know why.

[meadsjn]

I’m too tired to write it all out again, but there is no bubble. Look up any of the 12 gazillion posts I’ve put up about it if you want to know why.

Thank you so much. Everyone can see that you're adamant about this "there is no oil bubble" issue.

Many of us recognize that the price has more than doubled in less than a year, while the demand has remained flat, and supplies have remained relatively steady. At least, we know that supplies have not been cut in half.

We also are aware that the volume of speculative investment in oil futures has increased in the past year, in the form of new index investment vehicles designed to evade existing US regulations. And we're aware that the volume of oil being held by these new non-consumer investment indices has tripled the amount purchased as futures.

Many of us also recognize that the spot price of oil, and subsequently gasoline, will fall, perhaps rapidly, after:

• Congress repeals some restrictions on domestic exploration and drilling.
• the index investing if forced to adhere to the same regulations required of other commodities investing.

We don't have to call it a bubble. We could call it a crying shame, or a shameless crime, or outright treason, or simply unethical behavior in the market.

This is a prime example why our financial markets have to be regulated in so many different ways. Civilized people cannot trust vultures and snakes to regulate their own behavior.