Some one please tell me why there is a debate over whether we should drill here in the U.S. or not. It obviously doesn't matter whether we have more oil or not. The Saudis increased production 1 million barrels and the spinners (wish it were tbe band we would be better off) said that the oil production was already included in the price currently. They added an additional 200,000 barrels per day and the pundits said that if we increased oil production in the United States then the price would immediately fall. The truth is if they increase the amount of oil the United States produces they will just tell us that they already factored those supplies into the world figures any way. So what is really going on...
There was a Dot Com bubble and it bursted. There was a housing bubble and it bursted. And now there is a commodities bubble and it will burst as well. And when it does it is going to take the worlds economy along with it. If you think there was a problem before, wait til after the last bubble bursts. Can you say depression. The worst part of all of this is that short sighted investors who think they are making a killing in the market right now are going to be the very same people who take the largest loss. What do you think about the commodities bubble? Leave some comments your opinion counts.
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