Monday, July 7, 2008

Are We in the Peak of an Oil Bubble?

Since 2003, worldwide oil prices have quadrupled. According to a new study, the price of oil is rising at a faster-than-exponential rate, and cannot be sustained. In other words, we’re in the midst of an oil bubble, say researchers. The recent oil price run-up has less to do with supply-demand interplay and more to do with speculation.

read more | digg story

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