Here's your "oil bubble"...................It ain't gonna pop any time soon..........
Here's your "oil bubble"...................It ain't gonna pop any time soon..........
If a oilman as successful and as savvy as T. Boone Pickens is pumping billions in to wind farms, and if he says high oil prices are here to stay, you have to pay attention. He is no fool.
/popcorn
Man, I love me a good cospiracy theory.
Man, I love me a good conspiracy theory.
Well, if this article is factual, there is going to be a huge glut of oil at some point, leading to the inevitable.
Hopefully, they will run out of places to put the oil.
But the bigger this bubble gets, the bigger the pop will be.
I refer everyone to the statement by the Saudi Oil Minister.
He said they would produce more and sell it—if there were buyers.
This is a delicate way of saying the oil speculators are driving up prices beyond the normal effects of supply and demand.