HOUSTON - Oil's meteoric rise to near $120 a barrel looks like more
than just another economic bubble =97 growing demand and tighter
supplies are likely to keep prices high. Some analysts say even $200 a
barrel would not be out of the question.
The latest price surge =97 pu****ng crude to record heights in recent
weeks, and to nearly double its level a year ago =97 has some key
components of a classic bubble, when market prices climb far above
their intrinsic value. The burst comes when investors realize the
assets are overvalued.
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