$200USD a barrel oil in six months
c'mon, house of cards... fall down... c'mon... c'mon...
i don't wish anyone any unnecessary pain, but, fercryinoutloud, let's stop the slo-mo collapse... it's going to happen... it NEEDS to happen... let's get it the hell over with...
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The price of crude oil could soar to 200 US dollars a barrel in as little as six months, as supply continues to struggle to meet demand, warned a report from Goldman Sachs energy strategist Argun Murti as benchmark US light crude passed the 123 dollars mark for the first time
Surging demand was increasingly likely to create a "super-spike" past 200 in six months-to-two years' time, he said. Oil prices have now risen by 25% in the last four months and 400% since 2001.
Mr Murti correctly predicted three years ago, when oil was about 55 US dollars a barrel that it would pass 100 dollars which it reached for the first time in January of this year.
i don't wish anyone any unnecessary pain, but, fercryinoutloud, let's stop the slo-mo collapse... it's going to happen... it NEEDS to happen... let's get it the hell over with...
Labels: economic collapse, economy, Goldman Sachs, oil, oil prices
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