At Infectious Greed, Paul Kedrosky points out (referencing bespoke.com premium service) that the oil bubble has outlasted the tech bubble in duration and also in price appreciation.
I think the oil bubble may have more staying power because bringing on supply is harder and cutting demand doesn’t seem to be particularly easy. That said, the cure to high prices is high prices.
There’s a nice graph on Paul’s web site so go take a look.
