An OPTIMIST when it comes to the PRICE OF OIL

United States
August 5, 2008 10:46am CST
Yes, it is true. Ben Stein sees the run up in oil price as just another commodity bubble. Could he be right. Read what he has to say here. http://finance.yahoo.com/expert/article/yourlife/98378 I say,"Ben Stein is partially right. Oil is coming down some, but the overall trend is still UP.". What do you say?
2 people like this
2 responses
• United States
6 Aug 08
I love Ben. I watch him every Sunday morning on the show Sunday Morning. I especially liked his clip about religious symbols at Christmas time, especially since he's Jewish. I'm not sure if I agree with him completly on the issue of the Texas compound. You can read those and more here at Ben's House http://www.benstein.com/writing.html
1 person likes this
• United States
6 Aug 08
Ben's House is a very sensible place.
1 person likes this
@gewcew23 (8011)
• United States
5 Aug 08
Ben Stein is a very intellegent person but he is missing something here on the price of gas. Let us say that gas prices started out at $50 dollars then over time the price rose up to $150 then dropped down to $120, the price of gas still rose $70. The price of gas is not going down because it is still up, just the up is decreasing. Ben is an optimist and good for him, and here is nothing wrong with being an optimist just you have to keep your head below the cloud line.
1 person likes this
• United States
5 Aug 08
That is very well put. You are definitely right about the price of crude oil going up fast while gasoline rockets up and the price of gasoline coming down very slowly while crude oil drops. This obviously is not a freely fair market.
1 person likes this