Will the oil bubble finally burst?

[Catch22Dem]

It's the most overinflated commodity on the market. Does it tank now?

[earthside]

1. No.

Where are you going to put your money?

It will find a comfortable bottom and become a save haven.

[Catch22Dem]

2. A comfortable bottom for who

The industry or us? I wouldn't expect it to lose all value, but will it come down to a reasonable value?

I'm not challenging your answer. I really don't know and I'm curious.

[DJ13]

3. It will have to if they expect anyone to afford their product

The commodity bubble was one of the triggers to this current crisis.

It will have to pop when everything else deflates.

[lonestarnot]

4. Down today, but 1 day doesn't the story tell.

[galileoreloaded]

5. Just going through price discovery. 6 months, $150-160 again.....n/t

[Catch22Dem]

6. Wow, you think so?

Ugh.

[galileoreloaded]

7. Sure, you think the Arabs and Chinese are going to suspend their infrastructure

projects?? We are no longer "the guys". We don't buy, trade routes shift, and if we don't want to pay the price, the boat goes on by. The boat goes to people with money, not people with 380% Total Debt to GDP ratio, borrowing the payments.