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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (70667)	6/4/2008 1:22:50 PM
From: Cogito	Read Replies (1) \| Respond to of 543026

>>That is absolutely correct. The world will never run out of oil. At some price it will be simply uneconomic. Markets are a great thing.<< Bob - OK, I'll grant you that one. Oil will just become unaffordable, and people will stop using it. Now perhaps you could answer a question for me. First, some background questions. Is there any such thing as a market bubble? Do prices ever get to the point where they reflect investor greed more than they reflect real-world conditions? Now the real question. If you agree that market bubbles do occur, would you concede that it's possible that we're seeing one in oil right now? - Allen