Goldman Sachs: ''Oil Could hit $105 a Barrel''

[Hard Attack]

_
CALLING ALL CARS....

CNBC @ 11:04 BROADCASTED '' GOLDMAN SACHS REFUSES TO COME ON THE AIR TO DISCUSS, BACK UP THIS CALL''

QUESTIONS ARE BEING RAISED '' IS GOLDMAN SACHS MANIPULATING THE OIL MARKET? ''

________________________

Here is the story...

Goldman Sachs: Oil Could Spike to $105
http://news.yahoo.com/news?tmpl=story&u=/nm/20050331/bs_nm/energy_goldman_dc_1

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.

"We believe oil markets may have entered the early stages of what we have referred to as a "super spike" period -- a multi-year trading band of oil prices high enough to meaningfully reduce energy consumption and recreate a spare capacity cushion only after which will lower energy prices return," Goldman's analysts wrote.

Click Here for full report..
http://news.yahoo.com/news?tmpl=story&u=/nm/20050331/bs_nm/energy_goldman_dc_1

[Zynx]

1. I'm not sure what they're trying to do here.

That's a very lofty price target for the near term.

[sui generis]

2. dang - I'll be working from home a lot

I'd rather spend a crapload once a month on high speed remote video than spend the same crapload every day commuting to work.

actually that would completely and totally murder our economy forever if it "spiked" the way they seem to be setting us up for.

[BrklynLiberal]

3. Excuse me. I have to go put air in the tires on my bicycle. OY!

[Hard Attack]

4. CNBC askes their TV Commentator 'Seidman'....

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and this hack, who is a featured guest on CNBC says, 'well, based on something like if the Terrorists Attack'... 'could disrupt oil production''....

Give me a break, and CNBC plays with the idea, rather than grilling him on it.


I just turned my TV off, its 11:52, and am going to turn on the Al Franken Show, its their 1 year anniversary, the hell with this TV bullshit, I mean, News.

[tcfrogs]

5. It's a research report

When you're doing futures analysis, you have to build in lots of different scenarios and assumptions.

I wouldn't take it too seriously. Yet.

[mtnsnake]

6. All these high oil prices are just being correographed by the

Bush crime family for the purpose of railroading new anti-environmental drilling laws into place, like the one they did last week in the Arctic wildlife sanctuary of Alaska.

[megatherium]

8. but production is pretty much maxed out, and demand

is still rising. Maybe there's some chicanery here, but it won't be all that long before the supply is permanently tight. There's reason to believe that when this happens, prices will be volatile as well as go way up. This is exactly what has happened with natural gas in this country.

[wallock]

7. It could have some positive effects...

Car makers are now more likely to increase the gas mileage because of public demand. If only we could fin a happy medium between the environment and the economy... :)