bull market almost over...., page-107

Well said allanh, other sceptical ones I can't get the angle yet.

I learnt something great when I read an article from 2004 the other day. The exact same debate about oil prices retreating. They may have for a panic second, then flew past $40 but did take a few years to hit $60.

That is whitout the massive demand increase of the past few years.

No doubt this is an exponential phenomonon and that is why we can't understand it. Very few supply/demand cycles can match the charachteristics of oil due to the implications;

1. Political
2. Reliance
3. Man beeing man and his machines
4. Fear
5. The Middle East

Just hedge yourself against it and relax.