Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on March 31, 2005

Bookmark and Share

Goldman Sachs: Oil Could Spike to $105

Reuters via MSN Moneycentral

LONDON (Reuters) – Oil markets have entered a “super-spike” period that could see 1970’s-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.

Goldman’s Global Investment Research note also raised the bank’s 2005 and 2006 New York Mercantile Exchange crude price forecasts to $50 and $55 respectively, from $41 and $40.

These forecasts sit at the top of a table of predictions from 25 analysts, consultants and government bodies surveyed by Reuters.
More at MSN Moneycentral



Leave a Reply

Your email address will not be published. Required fields are marked *