| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
High Gas Prices: Are We Actually Sitting On A Gas Bubble? |
The recent trajectory of oil prices — a fairly steady increase followed by a much more vertical rise — has a familiar look to it. Remember those charts of tech stocks and housing prices? It's hard not to wonder: Are oil prices forming the next big “bubble?"
Those who see a bubble forming say you need look no further than the recent run-up in the cost of a barrel of crude to the current level of about $124.
“We were only trading at $86 about three months ago and not a whole lot has changed to move us to where we are now,” said Addison Armstrong, Director of Market Research for Tradition Energy. “There's no doubt in my mind — and most other people I speak to — we are in a bubble. And it's going to deflate at some point.”
[source]
Add your comment:
More articles in this category
What Is The Most Prestigious Brand?
Yet another comparison between brands. In this article no brand is placed 1st, 2nd, or 3rd. It seems they look at it in a completely different perspective than most of the members here at Autospies. It's a good read. Not all of their opinions I agreed... More »
Volt mules already getting 40 miles on electric only!
In the biggest news since the initial concept announcement, GM vice-chairman Bob Lutz confirmed that in fact the first Chevy Volt prototype, with the full lithium-ion battery pack has hit the test track.He said “It is reliably meeting its objectives... More »
AC Schnitzer's 226-hp MINI Cooper Clubman S
AC Schnitzer has revealed its tuning package for the biggest MINI in the lineup; the Mini Cooper Clubman. Appearance wise AC Schnitzer gave the Clubman a new front spoiler and other little body modification that give the car an aggressive appeal. The... More »
Techart wins Tuner Grand Prix at Hockenheim
It’s one thing to turn out extravagant, flamboyant modified supercars, but it’s something else entirely to put those cars on the track and race them for best times around a famous Grand Prix circuit like Hockenheim, but that’s exactly... More »
Smart signals to solve traffic snarls
We’re all aware of how technology has been employed to make driving and cars safer and yet faster, and even how lasers might be used to display ads at traffic lights, but so far not much has been done to solve the single biggest problem of... More »
What Is The Most Prestigious Brand?
Yet another comparison between brands. In this article no brand is placed 1st, 2nd, or 3rd. It seems they look at it in a completely different perspective than most of the members here at Autospies. It's a good read. Not all of their opinions I agreed... More »
Volt mules already getting 40 miles on electric only!
In the biggest news since the initial concept announcement, GM vice-chairman Bob Lutz confirmed that in fact the first Chevy Volt prototype, with the full lithium-ion battery pack has hit the test track.He said “It is reliably meeting its objectives... More »
AC Schnitzer's 226-hp MINI Cooper Clubman S
AC Schnitzer has revealed its tuning package for the biggest MINI in the lineup; the Mini Cooper Clubman. Appearance wise AC Schnitzer gave the Clubman a new front spoiler and other little body modification that give the car an aggressive appeal. The... More »
Techart wins Tuner Grand Prix at Hockenheim
It’s one thing to turn out extravagant, flamboyant modified supercars, but it’s something else entirely to put those cars on the track and race them for best times around a famous Grand Prix circuit like Hockenheim, but that’s exactly... More »
Smart signals to solve traffic snarls
We’re all aware of how technology has been employed to make driving and cars safer and yet faster, and even how lasers might be used to display ads at traffic lights, but so far not much has been done to solve the single biggest problem of... More »
Bookmark this Article:
More...
More...
Article Views Rating: 130 Words Count: 161
©2008 carwad.net
