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Goldman (Sachs)sees oil price 'super spike' to $105 a barrel
Yahoo News! ^ | Thursday March 31, 05:58 PM

Posted on 03/31/2005 1:56:57 PM PST by nickcarraway

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1 posted on 03/31/2005 1:56:57 PM PST by nickcarraway
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To: nickcarraway

So what happens when the economy dips into a depression thanks to $4.84/gallon gas prices?


2 posted on 03/31/2005 1:58:26 PM PST by RockinRight (Electing Hillary president would be akin to giving a drunken teenage boy keys to the Porsche)
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To: nickcarraway

GS are dem investment bankers. They want the economy to do as well over the next four years as George Soros.


3 posted on 03/31/2005 1:59:03 PM PST by aynrandfreak (If 9/11 didn't change you, you're a bad human being)
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To: nickcarraway



Well thank goodness we had that' blood war for oil' /s


4 posted on 03/31/2005 2:00:06 PM PST by SouthernFreebird
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To: nickcarraway

I believe this is called, "talking your book."


5 posted on 03/31/2005 2:04:10 PM PST by Eric in the Ozarks
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To: Eric in the Ozarks

pump and dump


6 posted on 03/31/2005 2:06:34 PM PST by wrathof59 ("to the Everlasting Glory of the Infantry".........Robert A Heinlein)
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To: aynrandfreak

"GS are dem investment bankers. They want the economy to do as well over the next four years as George Soros."

Bingo!!! That is what I thought when I heard this on CNBC this AM. Goldman Sachs contibutes alot of money to the Rats.

The thing I can't believe is that the whole fricking stock and commodities market will believe one brokerage's house opinion with really no basis to back it up.


7 posted on 03/31/2005 2:06:57 PM PST by The South Texan (The Democrat Party and the leftist (ABCCBSNBCCNN NYLATIMES)media are a criminal enterprise!)
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To: aynrandfreak
hmmmm, George Soros. Given his past interest in meddling in various currency markets, how do we know he's not playing with oil?
8 posted on 03/31/2005 2:07:37 PM PST by cyberdasher
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To: nickcarraway
I'm not worried. The price will be what the market will bear, no more and no less.

Now then, perhaps we can get RID of the ridiculous restraints on the creators of energy, and the confiscatory taxes on the consumer leveled at the federal and state levels. Those are additional costs NOT determined by the market, but ADDED by an entity that does nothing to create the wealth caused by the use of petroleum.

9 posted on 03/31/2005 2:08:23 PM PST by Recovering_Democrat (I'm so glad to no longer be associated with the Party of Dependence on Government!)
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To: RockinRight
So what happens when the economy dips into a depression thanks to $4.84/gallon gas prices?

The Dems blame the Pubs for being in the pocket of Big Oil and the Pubs blame the Dems for not drilling in ANWR. So, nothing different except we all get stuck paying at the pump. Here in So Cal it's worse that anywhere else.

10 posted on 03/31/2005 2:08:25 PM PST by IllumiNaughtyByNature (If Islam is a religion of peace, they should fire their P.R. guy!)
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Comment #11 Removed by Moderator

To: The South Texan

GS does have a good reputation, and there are tangible reasons to point to (Chinese demand booming), but that still doesn't mean that they're not motivated by political issues (helping Hill get elected in 08). These analysts are mostly guessing anyway. Did you see the earlier article today from the Telegraph about chimps doing as well picking stocks as British traders?


12 posted on 03/31/2005 2:19:49 PM PST by aynrandfreak (If 9/11 didn't change you, you're a bad human being)
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To: SouthernFreebird

Hehe...my girlfriend (a leftie) is convinced we went to Iraq for oil.

Last night I asked her "where the hell's all that oil Bush got for us?? I'm sick of these gas prices!"

She couldn't come up with an answer.


13 posted on 03/31/2005 2:23:39 PM PST by RockinRight (Electing Hillary president would be akin to giving a drunken teenage boy keys to the Porsche)
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To: nickcarraway

I.e., plan to walk on your next vacation. If you can share a ride to work, it'll cost you the same as before.


14 posted on 03/31/2005 2:24:07 PM PST by Brilliant
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To: wrathof59

"pump and dump"



you got that right - they are already advertising consumer contracts to lock in natural gas prices for three years.

They know that as soon as this heating season is over, it will be the last time they see these prices again for quite a few years.

It willbe nice to get back to life without Middle East hype 24/7


15 posted on 03/31/2005 2:24:56 PM PST by spanalot
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To: cyberdasher
"The call, which would mean a possible doubling of oil prices from their current level, sent crude back above $55 per barrel"

This is called Market Manipulation and the above demonstates it. Somebody just made some bucks from this statement.

16 posted on 03/31/2005 2:25:49 PM PST by Deguello
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To: aynrandfreak
Yup. Remember Rubin came from GS. He wanted O'Neill to avoid downgrading one of their stocks so he could dump the stock and protect his investors at the cost of the little guy.

Not sure, but I think it was World Com.

John Corzine also from GS.......he was involved in the Long Term Capital scandal that nearly brought down the US stock market.

17 posted on 03/31/2005 2:29:15 PM PST by OldFriend ( SAW MAJ. TAMMY DUCKWORTH ON CSPAN........AWESOME)
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To: aynrandfreak
GS are dem investment bankers. They want the economy to do as well over the next four years as George Soros.

GS prediction is best reason oil will be under $30 by year end.

18 posted on 03/31/2005 2:31:29 PM PST by alrea
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To: nickcarraway

For what it is worth, Goldman takes significant proprietary positions in commodities trading and in the energy business.


19 posted on 03/31/2005 2:31:48 PM PST by snowsislander
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To: RockinRight

When that happens I'll be able to buy a nice house for real cheap.


20 posted on 03/31/2005 2:32:35 PM PST by Waterleak (I pity the fool)
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