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United States Oil Message Board

  • tekstockwatcher tekstockwatcher Jul 7, 2008 2:27 AM Flag

    Oil is not Bubble unless it burst

    Good thing about bubble is ,it has lot of conviction and story behind it.Examples
    1)Tech Bubble :Retail will be replaced by *.com
    2)China : It Can only grow 10% even with 20%CPI
    3)Housing: Real state only goes one way.
    4)Oil : There is no oil left.

    We will see how much oil will be left when oil trades at $70-$75 .

11.40-0.580(-4.84%)Jun 24 4:00 PMEDT