When the Price of Oil Drops it's Going to Scare a Lot of People

With the Oil Bubble at it's peak, those who know are trying to figure out how to withstand the huge price drop that is about to happen.

In Alberta this article about surviving the oil price collapse:

"Money is desperately trying to find a place where it can still get a return," he said in describing oil's current global use as a financial asset akin to gold, diamonds or rare art while the value of mainstays from houses to the American dollar decays.

"There is intense speculation," Hall said. "We have a term for that in economics. It's called a bubble.

"The risk is squarely on the down side," he said. "We're at a dangerous point in the world business cycle. Risks are elevated. They are about as elevated as they ever get."

Read the whole thing.