Bubble I said, Bubble I meant

Posted on December 4, 2008 by alan

Oil falls below $44 a barrel. Gasoline futures below $1/gallon.

Here’s the funny part:

No one believed crude would lose $100 in value between July and December, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service.

Not true. I did.

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0 Responses to Bubble I said, Bubble I meant

  1. Murdoc says:
    December 6, 2008 at 11:02

    I also thought that rampant speculation and a number of other factors had created a significant bubble, but I would never have guessed it would burst so loudly.