$132+

I wonder if a speculation bubble will burst at some point.  Technology companies > Financial institutions > commodities

Of course there are real fundamental forces raising prices but speculation is playing an important role.  But the spike in oil prices beginning on 03 coincides with the doubling of oil contracts sold on the NYMEX.

You have stocks now undervalued, the dollar (hopefully) undervalued all because of oil prices.  It seems when everyone and their dog are jumping on a bandwagon it soons crashes.  I realize we'll never see less than $2.00 gas again but you have to wonder.  The fickle masses are so transparent and obvious the possibility exists IMO.  A few things happen to lower prices some and the speculators jump ship. 

 

Energy Returned on Money Invested.

unfrotunately because unlike water/electricity/other public utilities that tend to be regulated,  we're unable to meet domestic demand with domestic resource supply.  therefore, as a net importer we must rely on global supply and the SEC (/other gubmint agency) of course has no ability to control foreign companies or gubmints , shy of the us military enforcing policy via force