When, if at all, do you think the oil bubble is going to burst?

Question

http://www.peakoil.com/modules.php?name=News&file=article&sid=39440

Answer 1

I doubt it will break, but we are seeing massive amounts of long term demend desruction similiar to the 1970's which caused a bear market in oil for 25 years. My guess is that emerging market demand will keep a total bust, and oil will trade between 80 and 120 a barrel for a couple of years, with a decline to this range in the fall.