Goldman: Oil $150-200 in 24 months

Discussion in 'Wall St. News' started by turkeyneck, May 6, 2008.

  1. May 6 (Bloomberg) -- Crude oil prices may rise to between $150 and $200 a barrel within two years because of a lack of adequate supply growth, Goldman Sachs Group Inc. analysts led by Arjun N. Murti said in a report.

    ``The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty,'' the Goldman analysts wrote in the report dated May 5.
  2. That guy should try and use a bigger range - maybe $10 to $1,000 within the next 86 to 940 months.
  3. Goldman has been pretty accurate on oil.
  4. Speculation as well as lack of supply but to go up this much this fast shows that there is a jacking up of prices. Wouldn't be surprised if Goldman was contributing to this escalation in oil price.
  5. LOL
  6. How to make money Goldman style.

    Last Friday : Attention Goldman traders: load up on oil, we will announce Tuesday.
    Tuesday: GS Press release : Oil will go to 150 - 200
  7. Mvic


    Triple margins and lets see how much of this is due to supply and demand.
  8. The government make this illegal. How could a firm that issue recommendations also able to trade and own products?

    I am studying the CFA, and think ethics is a joke. For example, if you think your employer is violate the ethic, you should quit your job. WTF is that???

  9. They're dreaming. The day oil hits 200, the US military would confiscate the oil fields in Iran, Iraq, and Venezuela.
  10. Eveningtrader,

    You are right on. You could pimp a stock on a forum and get jail time. You are a Goldman and you pimp a whole sector and you are rewarded.
    #10     May 6, 2008