Oil at $150 Next Week?

Amazing how much the show has changed in such a short amount of time, guest Joe Terranova becomes one of the co-hosts of the show for example. $200 a barrel for oil? Have these guys lost their minds in taking into consideration that the energy crisis was established 30 years ago (and ignored by American automakers) plus factors of price elasticity were inevitable as oil companies transitioned to hoarding more and more of their reserves.

peak oil is so real its a mathematical fact there is no way our economy is going to recover if we are chasing the price of oil all the way

Except for the chick and of course Mr. Simmons. All others on this show today are the biggest bunch of morons gathered together in one room I believe I have ever seen and heard.

The economy was the real bubble here, oil was merely the fuel driving it.

If by "the bubble bursts" you mean the global economy, which resulted in massive destruction of industry across the board with global trade down 50% now, then yeah.

Oil is a bubble insamuch as modern society is. If society collapses outside the context of energy, so will the price of oil. That goes without saying.

Pending a recovery, oil will not only regain all the position that it lost, but soar to even greater heights. If global commerce never collapsed, neither would the price of oil.

CLASS WARFARE 4 EVER!!!

Put a floor under oil? He's either a crook or an idiot.

STUPID FUCKS!!!!!

there are plenty of lamp poles on wall street.......let's get some rope and have a parasite NECKTIE PARTY!

Fast Money is the best show ON T.V.... The problem with this video is it's a traders show... So if you're a long term player go watch something else.

If you held OIL from $150 to $40 and your blaming CNBC then your a moron...lol