Oil Price Bubble
Posted by Dan Draney on October 8, 2005
Now might not be the time to “lock in” your winter heating fuel prices:
OpinionJournal – Hot Topic: “We keep hearing the word ‘bubble’ to describe industries with rapid and unsustainable rising prices. Hence, the Internet bubble, the telecom bubble, stock market bubble, and now, some analysts believe, a housing bubble. Yet for some mysterious reason no one speaks of the oil bubble–though prices have tripled in two years to as high as $70 a barrel.”
Prices will drop and stay down from current levels.