Remember, we had a high tech bubble then *poof.* Later we had a real
estate bubble then *poof.* One is left to wonder if there's a
petroleum bubble...
"Oil prices shot to new highs again Friday as traders, unimpressed by
U.S. and Saudi efforts to boost supply, kept buying on the belief that
prices had more room to rise.
Light, sweet crude for June delivery jumped $2.17 to settle at record
close of $126.29 on the New York Mercantile Exchange. Earlier in the
session, prices surged to $127.82 a barrel, also a new high."
Source: http://tinyurl.com/6o2jyk
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de gustibus non est disputandum. With emphasis on dumb.