I found this
American Politics Journal - Be Ready for $400-a-barrel Oil... And Worse! provoking article today. This more and more reminds me of
a classic financial bubble.
May be a
speculative article. Here are
Some facts:
- Yesterday DJIA fell below 11 000 for the first time in some years and it has now moved into bear territory,
- The US (still the worlds largest) economy may be in a recession and there are some fundmental long term imbalances according to a Cnn interview with Larry Summers (Treasury Secretary for Bill Clinton) Jeff Sachs (Director of UN Millennium Project), and Paul Krugman (op-ed columnist on economy for The New York Times). Personally, I agreed most with Jeff Sachs in that very interesting Cnn interview.
- Some releated links:
Recessions and Depressions: News & Videos about Recessions and Depressions - CNN.com
National Economy: News & Videos about National Economy - CNN.com
RealClearMarkets - Topics - Economy
So the market combined with acellerated research, investment in and use of
alternative energy resources may fix the bubble itself.