Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Is $200/barrel oil around the corner?]]>http://www.autoblog.com/2008/03/09/is-200-barrel-oil-right-around-the-corner/http://www.autoblog.com/2008/03/09/is-200-barrel-oil-right-around-the-corner/http://www.autoblog.com/2008/03/09/is-200-barrel-oil-right-around-the-corner/#commentsAfter months of outrageous oil price spikes, we realize that the shock value of $100 to $105/barrel is fading fast, so we're going to skip ahead to $200/barrel. The finance wizards at Goldman Sachs have raised their outlook for 2008-2012 oil prices by $15 to a high end of $135 per barrel, but a major disruption could make matters much worse. How bad could it get? Goldman Sachs seems to think a spike to $150-$200/barrel is a possibility.

Goldman Sachs correctly predicted in 2005 that oil prices would reach the $50-$105/barrel level, and it thinks there's a chance that prices could drop down again, but inventories would have to rise over a couple years for that to happen. We can hope, but we won't hold our breath.

[Source: MarketWatch]

Is $200/barrel oil around the corner? originally appeared on Autoblog on Sun, 09 Mar 2008 14:04:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>$100 barrel$100Barrel$200 barrel$200BarrelGoldman SachsGoldmanSachsOil PricesOilPricesopecSun, 09 Mar 2008 14:04:00 EST http://www.autoblog.com/feed/1135256/article-comments.xml http://www.autoblog.com/feed/2008/03/09/is-200-barrel-oil-right-around-the-corner/1135256/article-detail.xml 1135256 http://www.blogcdn.com/www.autoblog.com/media/2008/03/oil-barrel2s_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2008/03/oil-barrel2s.jpg -1 2