Oil Inflated Price Creating Bubble Fears

At the moment, the market is worried about peak oil, Iran and refining capacity, but with little evidence that the U.S. is running out of oil, Evans said.

But, at the same time, “production is continuing to rise, demand will grow less this year than last year, and risk of oil-induced recession is rising,” he said.

So “at the very least, that suggests that prices going forward are likely to prove unstable,” he said.
MarketWatch