Thread: Energy Insanity
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kach22i kach22i is offline
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Join Date: Mar 2004
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Quote:
Originally posted by RickM
Let's throw some gasoline on the fire...

"LONDON (Reuters) - Oil hurtled back up to $56 a barrel on Thursday as Goldman Sachs bank, the biggest trader of energy derivatives, said prices could ultimately surge all the way above $100."

http://news.yahoo.com/news?tmpl=story&u=/nm/20050331/bs_nm/markets_oil_dc_16
SUPER SPIKE ................................?
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh5486 4_2005-03-31_15-27-55_l31481930_newsml
Quote:
"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.
ALL THEY SAY IS THAT THE SUPER-SPIKE COULD LAST YEARS!!!!!!!!
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Old 03-31-2005, 11:39 AM
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