Goldman: Oil $150-200 in 24 months

T

turkeyneck

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.

http://www.bloomberg.com/apps/news?pid=20601087&sid=apQjjLKQVm_k&refer=home
 
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.
 
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
 
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???

Quote from upanddown:

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
More...
 
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.
 
You must log in or register to reply here.
Back
Top