When airlines are forced to cut routes and oil rises $4 to a record high, the fundamentals aren't following reality.
These oil prices are just becoming insane and the only thing you hear about is oil going higher, I am calling bubble.
UPDATE @ 5:15pm: Oil is at 134 now, so WTF
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I love bubbles. They are a result of "positive feedback loops". Soros calls that "reflexivity". Sure its irrational, but who cares. Enjoy the ride.
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