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Mike

Oil has become a completely detached from the fundamentals momentum play bubble.
It will eventually pop. All bubbles pop and this one will pop too.

It is amazing how many intelligent people (probably under the influence of endorphins in their circulation that were released secondary to excessive overstimulation of their greed receptors) are in denial and rationalizing about “the fundamental demand story behind oil prices”.

Did demand increase or supply decrease by 70% this year to justify 70% increase of oil prices?

Oh, I forgot, it is different this time...

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