Oil closed at about $91/barrel today.
This Blog had the distinct privilege and honor, and the good fortune, to publish on July 12, 2008, when oil was at approximately $146/barrel, the following:
Saturday, July 12, 2008
A Mathematical Answer to the Oil Price Bubble Question
Below is a link to an article from physorg.com
http://www.physorg.com/news134646313.html
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It's an article well worth reading, especially now, and especially because it flat-out called the oil market what it was: A Speculative Bubble. They also called the top of the market.
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