Is this a bubble? the price of oil?

in my 76 years on this earth, I have done my fair share of investing, and I have seen my fair share of bubbles, and I am convinced that this is a bubble, I am convinced that this bubble will burst soon, but what finally will make the bubble burst, I think will not be pretty, and scares me a good deal. what do you think?Is this a bubble? the price of oil?
It's definitely a bubble. Manipulation is great factor, and perhaps supply and demand plays a big factor too. But when will it will pop? Nobody knows. But I wonder if this bubble will drag the stock market down before it pops? That's why there needs to be some sort of government intervention in the commodities market real fast.The rules need to be changed as to how oil is traded in the open market. The government should prohibit trading of oil on the New York Mercantile Exchange for at least one month, so that the price of oil can stabilize. Some extremely drastic steps need to be taken now


by the government on several fronts. 1) Open the strategic supply reserves full tilt. 2.)Immediate drilling everywhere and anywhere.3.) Prohibit the trading of oil for 30 days or more, and to change the rules of how oil is traded. 4.) Raise CAFE standards real high. 5.) Immediately levy trade tariffs on imports form China and India, and use the tariffs to subsidize expensive gasoline in the U.S.Is this a bubble? the price of oil?
Many things that increase in price nearly always come down again sooner or later, something that in my 75 years have found out, but oil was never one of them. I well remember the Suez crisis when we were told that, because tankers had to go around the Cape gas would cost more but as soon as the Suez canal reopened it would revert to its former price. This never happened. It may come down a little but it will never revert to its former price. Engine makers will just have to come up with an alternative fuel or far more economic engines
No. Its not a bubble BUT can be made as a bubble by the major users including the US if all anti-bubble measures are taken strongly, which they had all along been refrained to take and was mad in trusting their economy is immune to the shocking price increase!





The demand for oil and cap on production enables the price to stabilize while all the price of by products from the OIL immediately rise and gets stabilized which doesn't allow the OIL to come down in price!





The demand for other nations cannot be controlled by the US while it can reduce it consumption and as well ban all the petrochemicals and petro derivatives which are highly harmful right from the day one of its use and this would also stop the use of it through world forums to effect the impact enormously on the world supply, which would burst the bubble, certainly not in the immediate future but on due course!





Since the US is adamant on the exploitation and exhaustive use of OIL and not in shame to venture arrogant measures to source it, the bubble would sustain!
It is not a true bubble. A barrel of oil maybe inflated due to speculation, but the prices we see will become the norm.


There is no true alternative to oil in the horizon. Ethanol is nothing but a political joke. The U.S refuses to increase supply in our backyard, while OPEC does what it needs to do, the highest prices possible without creating a depression.


Look at Obama, he wants to institute Carter's failed energy plans, and McCain thinks a carbon tax is all we need. We are seriously screwed.
The US dollar was the bubble with 9 trillion in debt poking it. The bubble has burst and naturally oil floats to the top. ;) If things get worse maybe OPEC will make the EURO the settlement currency for oil. Then bye bye usa superpower and equalibrium around the world will evolve.
What the Ben lad den didn't do the economic will ,it is already getting out of hand,we are going to pay and pay for this s hi t
Sorros thinks its a bubble. And so do I. But it wont burst loud if you get me