"'OIL IS A BUBBLE' - oil is a finite resource. enjoy the brief drop. "
Well theoretically everything is a finite resource:
- water (please go out and buy a few hundred bottles of mount franklin)
- meat
- food
But hey, the us banks/hedge funds aren't buying Evian futures...
A finite resource can still have a 'bubble' assoicated to it's price rising exponentially.
What do you think is the main reason to justify the duobling of oil from $70 to $140? And if this is fundamentally justified, then theoretically oil should just keep doubling every 12-18 months forever...
Aint gonna happen...
oil smashed very hard indeed, page-16
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Last
7,829.7 |
Change
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| XJO (ASX) Chart |