Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

KDdid
Lv 5
KDdid asked in Business & FinanceInvesting · 1 decade ago

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

1 Answer

Relevance
  • 1 decade ago
    Favorite Answer

    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.

Still have questions? Get your answers by asking now.