Quote:
Originally Posted by Broadsword2004
The other part is the financial markets, which influence the prices of commodities as well. That oil bubble in late 2008 was financial, it had nothing to do with lack of supply to meet demand.
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Oil demand in this country peaked in 2005.
There has never been a supply shortage.
There has, however, been on oversupply of cheap money.
Current oil prices have nothing to do with fundamentals and everything to do with cheap money.
When China's bubble pops, things will get interesting.
http://seekingalpha.com/article/1927...w-unmistakable