Crude Oil Prices in 2008: Was the Spike a Bubble?

Michael Giberson In the physical world, spikes and bubbles are quite different things that don’t generally get mistaken for one another.  Curiously, in economic metaphor, the same phenomena can be called a spike and a bubble.  Argument among economists continues on the issue of whether the oil price spike in 2008 was or wasn’t a … More Crude Oil Prices in 2008: Was the Spike a Bubble?