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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (124350)5/21/2008 10:35:35 AM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
I disagree (vehemently) that oil is in a bubble. Look at the forward contracts, they say it's permanent. Barring a depression, that's likely to last. Production just isn't keeping up, the export land model says we see rapidly dropping exports and at this point that's all that matters....I think we see the price of crude double for the next 10 years about every 15 to 18 months.

BTW, huge draws in crude in the EIA inventories this week...even with price at 125/bbl and up.
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