Really good Article
The article by Ed Wallace pretty much sums up what I have been observing over the past few weeks, hence my bearish theme on Oil.
Thought it was really interesting. Now for some even more interesting stuff. Goldman issued a report today saying Oil was not in a speculative bubble trading phase. OH, how I beg to differ… and the bubble phase is obvious.
Look at these charts… there is a clear divergance between the steady upward movement from 2000-2007, and the unsustainable upward move we have been seeing this past year. (I say unsustainable because THE LARGEST ECONOMY IN THE WORLD IS IN A SLOWDOWN!!!! Decoupling DID NOT OCCUR, and observing international trading patterns, it probably will never come to pass, or at least for many many years into the future.)
