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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (24806)	6/26/2008 7:54:30 PM
From: tejek	Respond to of 149317

But oil is a bubble that's going to pop soon, says Diane Garnick, investment strategist at Invesco, which has nearly $500 billion of assets under management. Demand for oil in the emerging market has been "overstated," says Garnick, who foresees a 25% decline for crude in the next six months. Garnick may be right about demand, but I'm still of the view that supply constraints are the fundamental reason for rising oil prices. That said, I'll note commodity maven Marc Faber of the Gloom, Boom & Doom report has also turned cautious on the sector, at least for the next 6 to 12 months. While Garnick is in the "oil is a bubble" camp, she disagrees with those who blame speculators for its rise and worries about the unintended consequences of related legislation. It sounds to me like Ms. Garnick is confused......if its a bubble then speculation is involved. If speculators are not the problem, then its unlikely to be a bubble.