Urquhart: Bitumen bubble is more bluff than reality

Catchy? You might have to give the phrase “Bitumen bubble” that much.

Illuminating? Hardly. First, it turns the well-accepted idea of an inflationary bubble on its head. Prices fell precipitously when real estate and dot-com bubbles burst. A bursting bitumen bubble presumes the reverse — bitumen prices will rise relative to conventional crude oil.

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