Second "Oil Bubble" starting to burst. "Bailout Bubble" not far behind. | 1 comment (1 topical, 0 hidden)
no demand (none / 0)
Worldwide demand is still down, not to mention, every other country, including China, is moving toward maximum fuel efficiency. At least traffic is down.
As far as the speculation goes, the oil bubble is what brought down Lehman Brothers and Meril Lynch, among others. I guess they have learned nothing from Enron, the housing market or the last oil bubble. You would think the Republican Great Depression never happened to hear these fucks speak of transparency and clearing houses to monitor the market. That is pretty much like jumping into a swimming pool full of sharks just because you can see them.

by sisco66 on 07/08/2009 11:02:53 PM EST

Second "Oil Bubble" starting to burst. "Bailout Bubble" not far behind. | 1 comment (1 topical, 0 hidden)