[Slapshot68]

Holy crap, didn’t you just post another article about oil going to $200 a barrel? Stop the teeter totter, I wanna get off!

;)

[SkyDancer]

It’s interesting that those speculators are still making money as the price drops - now who will the Demo-rats blame for rising prices or now, falling prices.

[BGHater]

I’ll have to bookmark this and also see if the Russia/Georgia conflict conflict will mess with the prices as well.

Winter will be the time to see if the bubble has really burst.

[TheZMan]

Good. I’ll be expecting my $3/gallon premium any time now.

Oh, that’s right.

[WayneS]

“The Great Oil Bubble Has Burst”

I was wondering what that loud popping sound I heard on my way to work was! And here I thought it was the Triumph Triple “talking” to me on a down-shift.

[ModelBreaker]

Just possibly, it means that what investors refer to in shorthand as the great "oil up" story has finally revealed itself not as the fundamental reflection of scarce supply that its adherents liked to claim, but as a simple, speculative bubble that was always going to burst.

Is it possible that the market is responding to price incentives and that, as a result, demand is falling while supply is rising? That is the way markets are supposed to work.

Speculators just try to guess which way that balance is moving. If the balance isn't moving the way they guess, they lose their shirts. Speculating against fundamentals is not a good idea.

[12chachacha]

I hope the price of oil does not fall tooooo quickly.
People might stop talking about “Drill here, drill now” if you know what I mean.

[Porterville]

Wait for gold to pop. I’m buying gold at $200.

[MosesKnows]

not a blip, barely a flicker

Shhhh...why let the speculators know?

[MosesKnows]

not a blip, barely a flicker

Shhhh...why let the speculators know?

[tatown]

Just maybe we can get a reprieve from the tinfoil hat wearing Peak Oilers.

Instead of just going away, they unfortunately will probably all go back to screeching about bird flu, global warming, overpopulation, 2012, ect....

[adorno]

The Great Oil Bubble Has Burst

I wont consider it "burst" until it goes to $35 or below.

[meyer]

Always looking for a conspiracy, so here it goes:

Suppose that the Dems are scared to death that high oil prices will erode their position in the house and senate. What could they do about it? Why they could call up some wealthy supporters and ask them to short oil. Do we know any wealthy commies? Like, for example, George Soros?

Realistically, I doubt this is happening, but it pays to keep a suspicious mind.

[Prophet in the wilderness]

Would the drastic fall of the price of oil cause the US dollar to collapse ?.