1) How much do you need it to pullback to be considered a bubble from peak, 25%? 50%? 80%? I.e. what # would most ppl acknowledge it was a bubble (like housing or dot.com were). 2) If oil fell to say $80 a barrel, would it still confirm "peak oil"? 3) What price would it have to fall it -> and thus gas prices that the public would accept? (ie whats the new higher plateau?) I've been thinking commodities are in a monster bubble and am curious understand the rational of commodities/oil bulls.