Ten "Future" Signs of an Oil Bubble
PUBLISHED IN "INDUSTRIAL ECONOMIST" - SEP 2008
Mainstream media is abound with the idea that "the Commodities/Oil Bubble has burst". But what has happened over the last few weeks is nothing more than a normal correction in an otherwise structural bull market for commodities in general and Crude Oil in particular. I have pointed out a few indicative "future" signs -- events when they happen in the future -- would indicate that the bull market is nearing it's end. But my guess is we are atleast 5-10 years away from such a scenario.
posted by Shanmuganathan N @ 11:55 PM
8 comments
8 Comments:
Hello,
I understand the logic of what you're saying, however the price of oil keeps falling recently, and there was even a new oil production record posted for July 2008. My questions are;
Do you think the oil sell-off has now been overdone?
When would you forecast peak oil to occur, and what signs should people look for that it has?
Regards,
John
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