It’s Beginning to Look A Lot Like Real Estate…

Everywhere you go…

As oil barrel prices have hit record numbers every day in the last week or two, I was hit with a bad case of deja vu.

I’ve traced it to the real estate market, the dot-com market, and just about every other “bubble” that has been mentioned in the last 10 years.

As much as I have tried to believe that it really is accelerating demand in emerging markets like China and India, it just didn’t seem right.

Evidently I am not the only one anymore.

Oil price ‘a bubble waiting to burst’
‘Perhaps 60% of today’s oil price is pure speculation’