(UPI) -- It`s been just over a year since Wall Street powerhouse Goldman Sachs released a report stating that oil prices could spike to more than $100 per barrel in the near future, which caused more than a few eyebrows to be raised and created mild panic in the energy markets. Since then, however, the possibility of petroleum spiking to triple digits is not such a pie in the sky.
What`s more, even if oil does surge above $100, its impact on the broader U.S. and global economies are likely to be limited, some economists say.
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(UPI) -- It`s been just over a year since Wall Street powerhouse Goldman Sachs released a report stating that oil prices could spike to more than $100 per barrel in the near future, which caused more than a few eyebrows to be raised and created mild panic in the energy markets. Since then, however, the possibility of petroleum spiking to triple digits is not such a pie in the sky.
