First we had the dot com bubble and then there was a real estate bubble, now we have an oil speculation bubble? Some economists tie them all together. Some people like to say it is a conspiracy, the likes of which we have seen by the powers that be. I know that those with money can always figure out a way to keep it over those who do not have any themselves. I guess we should all be asking, why isnt any investment being made in refining, especially by those who are getting so wealthy from this situation. Well, I suppose it's easier to make your money from the top end when you don't have to do as much, where the very existence of your product creates higher demand for more. When all these producers and oligarchs have to do is go out and create some drama to get more income is it any wonder there is not even more drama?
All these bubbles follow the same pattern, spiralling upward to dizzying heights and then when they can no longer be supported, succumb to the darts and pinpricks levvied by the masses. This oil/gasoline situation will follow the same procession, but I wonder who will be left standing when this plays itself out. In an ever more and more interconnected global economy I think these bubbles will be just an outward manifestation of instant pressure being concentrated in any given area for even just a short time. The evidence is in that a herd the size of the race of man can stampede one direction then turn around and stampede the other way, without even thinking.