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Oil bubble to burst?

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  #1  
Old 05-17-2008, 07:58 PM
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Default Oil bubble to burst?

Has anybody heard about this. I bro was telling me earlier today. Economist are saying the oil bubble is about to burst and when this happens, prices should come back down. How much, who know's.They were talking about the tech bubble in the 90's that burst, the housing bubble that just burst, and now the oil bubble were in right now. Probably getting my hopes up for no good reason, but it sounded interesting. Just wondering if anybody else has heard about this?
 
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Old 05-17-2008, 08:12 PM
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Default RE: Oil bubble to burst?

There was some guy on Fox News a few weeks back that said the same thing. I don't remember his name, he had an English accent.....

Dusty
 
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Old 05-17-2008, 08:16 PM
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Default RE: Oil bubble to burst?

It has to. Diesel has gone up over 50% in the last 7 months. Nothing, I mean nothing, takes that kind of hike and doesn't come back down. Dot coms, housing, ect.
 
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Old 05-17-2008, 09:10 PM
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Default RE: Oil bubble to burst?

I look for it to drop be for the elections
 
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Old 05-17-2008, 09:34 PM
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Default RE: Oil bubble to burst?

Yea, and then whoever gets elected will most certainly take credit for it ... if it doesn't burst, they'll just continue to blame Bush. This all started in late 2006 just after the Dems took overcontrol ofcongress. Coincidence? I'm just saying ...

Mike
 
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Old 05-17-2008, 11:45 PM
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Default RE: Oil bubble to burst?

this happens every year. with summer comes travel and the fuel companies say yum yum when ppl start traveling and jack the prices. they will come back down my guess is down in the low 2's again and then will come back up. it's an up and down cycle.
 
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Old 05-17-2008, 11:56 PM
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Default RE: Oil bubble to burst?

It is hard to get anything through Congress when you put a bunch of add on to bills. Look deeper.
 
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Old 05-18-2008, 12:36 AM
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Default RE: Oil bubble to burst?

There not going to let it go down
 
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Old 05-18-2008, 02:10 AM
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Default RE: Oil bubble to burst?

yeah oils fixing to drop, strippers really think you're funny, hookers think you're the best they've ever had and those pants dont make your butt look big honey.


Bush just got slammed over in Saudi Arabia the other day, they flat out told him no on increasing oil production.
Instead of Iraq, let's just drop a jdam on one of their princes palaces every 5 days till they produce more oil.
Saudis pay $.50 a gallon. WTF!!!!
 
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Old 05-18-2008, 02:13 AM
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