Reader comments: Has oil bubble finally burst?
3 comments | Read story
hahahaha | 11:55 a.m. July 19, 2008
Hilarious! Experts are not "sure" about a bubble. Why are they then "experts" on the matter. Funny #2, oil drops `15 dollars a barrel, gas drops a penny. Go figure.
Earl | 12:13 p.m. July 19, 2008
The reference to an "oil bubble" implies that speculation has been the primary cause of high oil prices. While that may explain part of the price rise, it's certainly not all. Other major factors include the declining dollar and the fear of war with Iran and all that it entails. If the dollar continues to decline (and there's no reason to believe it won't), and if verbal hostilities with Iran heat up even more (not to mention sanctions), you can count on a resurgence in the oil futures market.
Ross | 7:11 p.m. July 19, 2008
You will know when the bubble bursts, oil will drop below $50 a barrel which will put gas at around $2.00 a gallon. . .
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