I just want to point out that there is some really interesting discussion going on in the comments to my post on oil bubbles, with an engineer weighing in on aircraft efficiency, and some investors talking about their experience as commodity traders, so if you don't normally read the comments, I highly suggest you check it out.
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Now if we have really brilliant comments in response to this post, would you create a new post to direct readers to check the comments under the post created to encourage readers to check the comments under the original post? ;)
I like the posts and comments on oil.. especially in a historic context. It is only fair for Megan to claim that oil is bubbling at over $150 when we were complaining about a potential $80 price tag less than a year ago? It is only fair for commenters to agree.
But who would have thought back then in Sept 2007 that oil might go above $150? Not many. How many think that it will go down again - apparently many... what does this tell us about our cristall balls? Will the speculators now speculate that we are in a bubble? I speculate that they will in the short-run... in the long-run well we all know...
sorry - here with a link...
I like the posts and comments on oil.. especially in a historic context. It is only fair for Megan to claim that oil is bubbling at over $150 when we were complaining about a potential $80 price tag less than a year ago? It is only fair for commenters to agree.
But who would have thought back then in Sept 2007 that oil might go above $150? Not many. How many think that it will go down again - apparently many... what does this tell us about our cristall balls? Will the speculators now speculate that we are in a bubble? I speculate that they will in the short-run... in the long-run well we all know...