Was the U.S. Oil Boom Just Another Fed Inflated Bubble, and is it Contained?

The Peter Schiff Show Podcast - Episode 34 Actually oil was about 25$ per barrel in 2000 and bottomed out at $18 in 2001.





Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.