Oil Price BubbleOmics: $90 and Rising Is the New Reality

Commodities / Crude Oil
Apr 05, 2010 - 05:50 AM

By: Andrew_Butter

Now that there are rumours the world economy is showing some signs of self-sustaining life (if not particularly the US Economy), one thing worth thinking about is where oil prices are likely to go (1).

Starting from the basics, there are a plenty of theories that explain how to grow economies. They range from free-markets to free-debt, all the way through stimulus-packages to free-love.

Here’s another one:



Conventional wisdom says GDP drives demand for oil.

How about if oil drives GDP?

Or in any case like it’s an essential “nutrientâ€