Goldman Sachs Report

Alanintx · Coal Joined: May 20, 2008 Posts: 15

I have not seen this report posted anywhere. I think this is as good a forecast for near term and long term prices and the problems in supply/demand as I have seen. It makes a compelling case for a near term pullback, but a long term increase to $148/bbl.
http://www.odac-info.org/sites/odac.postcarbon.org/files/Energy_Watch.pdf

yull · Posted: Mon May 26, 2008 9:01 am Post subject: Re: Goldman Sachs Report

I wouldn't be surprised at a pullback, to perhaps say $100. The price is not going to go up steadily after all, there will be spikes upwards and spikes downwards. The trend is definitely sharply upwards though.

I think we will reach $148 this year, perhaps within just a few months. Things suggest that the terminal decline in word oil production is almost here, if not already here. The signs lately are ominous and once the decline sets in even the price increases of the last few years are going to be outdated with regards to predicting the price from here. There are already signs the oil price rises have entered a new, different phase, more rapid than before, suggesting a tipping point into the new reality many have been predicting for all these years.

Ferretlover · Posted: Mon May 26, 2008 9:08 am Post subject: Re: Goldman Sachs Report

Nice find, Alanintx.
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"RRrrruuuunnnn!!!" ~Apocalypto

Alanintx · Coal Joined: May 20, 2008 Posts: 15