Oil’s fair value: a mini-bubble and a mini-bust

I suspect that the recent party-trick by the non-expert Chimp who predicted in December 2010 that the 10-Year Treasury (then 3.5%) would head down towards 3% by April 2011, may demonstrate that there might be something to be said for the theory of BubbleomiX; given that the Chimp was right about the number and only out by a little more than a month on the timing.