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Generational Dynamics Web Log for 22-May-2008

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Oil prices are increasing by the minute

Oil prices are increasing by the minute

On Thursday, oil went from $129 per barrel to $135 per barrel.

It went from $134 to $135 in half an hour on Thursday evening in Asian trading (Friday morning).

This is manic behavior by speculators.

Stein's Law: If something cannot go on forever, then it won't.

(Stein's law was formulated, in various wordings, by the late economist Herb Stein.)

Something "different" is going to happen soon. (22-May-2008) Permanent Link
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