Oil Contrarian Sees Bubble Ready to Burst

Most energy analysts on Wall Street expect oil prices to remain high for the foreseeable future because of strong demand and limited supply.

Then there is Tim Evans, a contrarian who says today’s crude oil prices above $50 a barrel reflect nothing more than a market bubble fed by speculation and unwarranted fear. Evans, a senior analyst at IFR Energy Services in New York, believes oil prices could plummet to $28 a barrel as early as this summer