… the more that talk of an “oil bubble” is replaced by a sullen consensus that prices are headed straight to the moon, the more likely it is we’ll get a major correction. Unfortunately, the main catalyst for this drop will likely be global economic collapse.
Posted by bosskitty July 7th, 2008 | Tags: credit crunch, economics, energy crisis, G8, Global Economy, Group of Eight rich nations, Oil, oil bubble | Category: Bush, Casualties, Clean Energy, G8, Global Economy, Oil, Politics, Refineries, catastrophe, consequences, consumerism, credit crunch, energy, fuel crisis, renewable energy | Comments (5)