Is the oil bubble bursting?

Question

Is America refusal to pay $4.00 a gallon finally working?

Today Donald Trump said on CNBC 'I happen to know for a fact that tankers full of oil are sitting outside harbors all over the world because no one wants the oil..they cannot unload it.'

I know that he is no oil expert but he is NOT stupid!

Answer 1

People on here are so uneducated...they probably don't even know what CNBC is so I just don't even bother. They are all so wrapped up in Terrorism and Islamic Extreamism.

But yeah I do think it has busted...And the banks are Rallying today because of it, I really don't know why but they are...

I think the energy "Crisis" is over. We have energy and there are no blackouts, so I wouldn't go as far as calling it a "Crisis" in the first place...but pessimistic media would...

And Mr. Trump is very smart man. He's just too outspoken, and people find that to be his ignorance...I mean he might not know much about image but he knows alot about ecomonics and making loads of money...

Answer 2

yes it is bursting with a bang, come election day we'll have $1 gas again, and bush will take credit for it.

Answer 3

Are you serious? The oil companies don't care what we think of the prices, they charge WHATEVER they want. tomorrow it could be 5.50 a gallon for all we know. Every single American is bending over and taking it without any "lube" from all of the oil companies each and every day.