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  • Is Oil a Bubble? Part One
    Once again FAULTY thinking .The reason there are bubbles in such things as tech , housing etc is that a new an innovative area such as tech will be expensive at first then become cheaper as the enterprise matures and most then obtain this entity and the demand reduces . Computers and mobile phones were in great demand therefore any company involved in this enterprise will make lots of money on growth then as growth slows so does profits. Housing is similar as the author mentions , as houses become too expensive people stop buying them , UNLESS , there is some component that is in scarce supplies .If wood became scarce housing would become expensive until the wood shortage no longer existed .This is not true with oil . There is a finite amount of oil of which we are running out and what oil there is is VERY VERY expensive to obtain . Unless someone finds cheap oil and gas (not likely ) then the price of oil and gas will continue to go up because it cost more and more to explore and drill for oil ( everyone has the same feelings about pharmeuticals , tax and punish then wounder why we have fewer and more expensive drugs),and at this point there is not thing one that can be done . I'll bet the author is against coal and nuclear which means our dependence on oil will continue and the price will go up .This is not a bubble only bubbleheads .
    May 25 16:55 pm |Rating: 0 0 |Link to Comment |View article

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