Tuesday, September 16, 2008
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
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.