Well, oil futures went above $122 today, based on a Goldman-Sachs prediction that it could go to $200 in two years.
Oil prices have nearly doubled from about $62 a barrel a year ago, which GoldmanThe key word, as I see it here, is "spike."
sees as a sign that the world is in the midst of a "super spike" in oil prices.
Analyst Arjun Murti said in a research note released Monday that prices would
ultimately force demand to fall sharply.
Not plateau, not level, but spike.
That implies a sharp drop after the peak is reached.
So, are we seeing the next bubble? Tech, housing, oil?
Might there be an oil bubble burst?