bye bye mr oil bubble

Recap of oil spruiking one liners:

> Peak oil is here
> $300 oil, get used to it
> China builds 10,000 new cars every day
> US dollar is worthless... burn it!
> it's all about supply and demand
> dont blame the poor speculators
> dont blame the poor dollar and equity shorters
> oil is an inflation hedge
> wait oil is a dollar hedge
> wait wait oil is a sub-prime meltdown equities hedge

yeah, yeah and blah blah

Repeat after me guys:

B U B B L E

that was ramped by:

> US banks
> Oil rich soverign funds
> Hedge funds
> half of the US day trader community who followed like sheep the little mantra: 'long oil, short equities'..

Sabre: your turn!