Has oil hit its peak price or not? The answer to that question leads us to ask whether or not commodities are a bubble about to burst. Barron’s recent cover story on commodities came down on the side that the party was over. I don’t put a lot of faith in macro predictions – as no one can predict the future. But you can study track records. You can look at history. History reveals some interesting clues about what the future may hold.
May 22nd, 2008 | Chris Mayer | 1 comment | ContinuedAll Posts Tagged With: "oil demand"
Oil Prices Has The Mogambo Guru Sticking His Thumb in His Eye
Just when I thought I had completely lost my sense of humor, I ran across a MoneyNews.com article titled “Lehman Bros. Report: Oil Bust in the Cards”. Hahahaha! Thanks, Lehman!! Hahaha! I needed the laugh! Perhaps part of the humor is that this comes at the same time as the price of gasoline went up 3 cents to another record high of an average of $3.70 a gallon.
May 20th, 2008 | Mogambo Guru | 2 comments | Continued