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Is Oil a Bubble? Part 3

Posted on June 08, 2008

In this last part of my series on the oil bubble, I am going to take a look at the supply side of the equation and touch upon why Congress might be as much to blame, or more so, than the oil companies at which they are currently pointing fingers. (In case you missed parts one and two, here are the links to them: Part 1 and Part 2.) For decades, the U.S. has had no real energy policy with which to hang your hat on. I remember in the early 1970s seeing funny commercials on television rallying people to get more active in conserving energy. However, conservation isn t an active strategy for i...

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futures , supply side