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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on August 06, 2009, 12:04:57 PM
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Goldman: Get Ready For Oil Prices To Go Back To $147
Jay Yarow|Aug. 6, 2009, 10:58 AM|8
PrintTags: Oil, Wall Street, Energy, Markets, Commodities, Goldman Sachs, Economy, Politics
Goldman Sachs is once again warning the world of a coming spike in oil prices that will remind everyone of 2008.
The current financial crisis is to blame. While we focus on fixing the banking sector, we've forgotten that there are fundamental problems with the commodites markets.
The spike from 2008 will return because there's been "decades" of poor investment decisions by oil producers.
When the economy kicks into gear around the world, supply shortages will become problematic, and the price of oil will spike. Says Goldman via Alphaville, "As the commodity markets rebound with the broader global economy we expect a redux of 2008 when severe supply constraints forced the rationing of demand through sharply higher prices to keep the markets balanced."
Apparently, Goldman Sachs didn't get the memo. We're going to chase the speculators out of the market, so none of this will be a problem.
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I guess they already have their orders in at low prices so they can reap a hue profit at the top again.
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Well, what are they going to do with all of those tankers filled with oil that moored all over the world?
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Well, what are they going to do with all of those tankers filled with oil that moored all over the world?
I go jetsking on the weekends in the Hudson. Just north of the GWB - there are at least 5 - 10 tankers just sitting there.
I always wondered why they wouls sit there like sitting ducks like that. Any jackass could fill a boat with bombs and ram one of those things.
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(http://www.jaguarenterprises.net/images/em/dollar_eyes.gif)
{LOL} Oh believe me I am ready, ...I am soooo ready it ain't funny! (http://www.jaguarenterprises.net/images/em/yipee.gif)
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I go jetsking on the weekends in the Hudson. Just north of the GWB - there are at least 5 - 10 tankers just sitting there.
I always wondered why they wouls sit there like sitting ducks like that. Any jackass could fill a boat with bombs and ram one of those things.
Maybe there are less jack asses out there than we were led to believe? ...just a thought. (http://www.jaguarenterprises.net/images/em/shrug.gif)
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Maybe there are less jack asses out there than we were led to believe? ...just a thought. (http://www.jaguarenterprises.net/images/em/shrug.gif)
You might be right. Jag, I cant tell you how easy it seems to be to launch a 25 ft watercraft from the Yonkers Pier, and literally a mile away, which is nothing on the water, are these things just sitting there. There is a police boart once and awhile and coast guard craft are all concentrated down lower manhattan.
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so maybe the car exchange reform isnt such a bad idea after all.