Goldman Sachs raises possibility of $200 a barrel oil

Goldman Sachs raises possibility of $200 a barrel oil Steve Gelsi
MarketWatch
Saturday, March 8, 2008
[align=left]Flashback: $200 Dollar a Barrel Oil Is Bilderberg Plan To Destroy Middle Class[/align]
[align=left]With $100-a-barrel here for now, Goldman Sachs says $200 a barrel could be a reality in the not-too-distant future in the case of a "major disruption."[/align]
[align=left]Goldman on Friday also boosted by $10 the low end of its 2008-2012 projected range for crude to $60 a barrel -- significantly lower than current prices, to be sure, but a possible mark for oil if "normalized" trends return to the marketplace. [/align]
[align=left]With the dollar's fall continuing and financial markets roiled by the credit crunch, commodities like oil have been drawing the fancy of increasing numbers of investors. Accordingly, Wall Street firms have been eager to adjust forecasts to incorporate fresh data on the global economy and energy supplies. [/align]
[align=left]Goldman analysts Arjun Murti, Kevin Koh and Michele della Vigna said prices have advanced more quickly than Goldman had forecast back in 2005, when it predicted a range of $50 to $105 a barrel as part of its "super-spike" oil theory. [/align]
[align=left]"We characterized the upper end of the band as more likely to be driven by geopolitical turmoil and that recession was a key risk to our view," the analysts said. "In fact, oil prices have reached $100 a barrel without extraordinary turmoil, and the U.S. currently appears to be in recession." [/align]
[align=left]Tacking on $15 a barrel to all of its oil estimates, Goldman now sees average selling prices of $95 a barrel for 2008, $105 a barrel for 2009 and $110 a barrel for 2010. The high end of its range is now $135 a barrel -- but Goldman hinted that prices could be headed even higher.[/align]
[align=left]"As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or a major oil supply disruption could lead to $150-$200 a barrel oil prices," Goldman said. [/align]
[align=left]While saying it has a bullish long-term outlook, Goldman acknowledged that oil prices could correct from recent highs.[/align]
Full article here.

what's the conspiracy?

the oil companies are gonna raise the price of oil per barrel until the middle class can no longer afford to drive.

basically the "conspiracy" is they are going to drive North america into an economic depression at a scale the world has never seen, all in their thirst for absolute power, and it's quite sad as the solution is really cheap and they know it(reason why they are dumbing down the education system) the private banks completely own the world they are just at the end of their plan to enslave humans as a race around the world.

look up the federal reserve system and you'll notice that it's actually not a part of the government and counterfeits money legally and charges the gov like 1.05$ per dollar they issue, and by doing so the countries they print money for are hopelessly enslaved to the bankers as they are permanently in an increasing debt to the banks for taking the countries gold and giving us paper. It's a better scam then religion.

The US dollar is appearently according to gold reserves worth about 4 cents. Amount of gold / Money in circulation = value of money, Gold doesn't get added nearly as much as money.

oh, and you can't redeem paper money for gold coins anymore like you once could, so when the dollars start to drop shit is gonna get super expensive and your paper money will be worthless as a new currency is going to be used for the continent.

but ya know, that's just "conspiracy" don't believe it if ya don't want but i can see the start of it going that way, hell since 9/11 gold has went up like 800 an oz.

The *ONLY* ones that have the power to stop the insane oil/fuel prices are the truckers. All they have to do is park their trucks and walk away. The entire country will come to a screaching halt in a week. The only thing that is keeping it from happening is the big companies are paying their drivers fuel bills. The average super walmart has a dozen trucks delivering to them every day....how long do you think it will take for their shelves to empty?? How long do your think it will take for factories to shut down because they ran out of parts/materials/supplies, with no more in site until the trucks are rolling again?? In case you missed it, *EVERYTHING* is moved by truck.

Trucking is a business, and if you can't run a business to make a profit, your gonna go broke in a real quick hurry. $4.00/gal fuel will eat any profits in a real quick hurry. The drivers are caught in a catch-22....if they don't drive, they are right on the ragged edge of losing their trucks and their homes... if they do drive, their still gonna lose their trucks and their homes, its just gonna take a little longer.

Ask any truckers that you run across....."How high will fuel costs have to get before you park your rig and walk away??" If they waffle around or try to tell you that its cut-throat, then they are part of the problem, and not part of the solution.

I called the Teamsters Union headquarters and explained all this to a dozen different people there, and either they were clueless, or just plain didn't give a crap.


If you do a little homework, your find that in the mid 70's all the drivers parked their rigs, and for the same reason.....it worked....it shut the entire country down in a week, and it took 6 months to recover from it.

FWIW, my service truck stays parked unless it is going to make money, and even then, my routes are planned to save fuel.

oh i agree with everything you said, i didn't post this in conspiracy, it was moved here, that's why i asked what the conspiracy was...

i think the federal reserve is the first thing that has to go before we can even think about doing anything else...it's the biggest threat we have to freedom and returning to the constitution...

Quote:

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Originally Posted by pisshead

oh i agree with everything you said, i didn't post this in conspiracy, it was moved here, that's why i asked what the conspiracy was...

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Flashback: $200 Dollar a Barrel Oil Is Bilderberg Plan To Destroy Middle Class......Another update from Prison Planet

You know where 99% of Alex Jones "articles" go in here.

Have a good one!:jointsmile:

This isnt a conspiracy. It's going to happen. At the rate the world use for oil keeps increasing we are oil spots are gonna start drying up real fast