I just found this paper dealing with the price of oil during the last bubble (2008). It does a nice job of dismissing many of the arguments about decreasing supply and shows the link to the value of the US$ and commodity futures contracts speculation.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1154686 Brad _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
