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Healthy adult males should have from one to nine nanograms per mL of GH in their blood.

Goldman Sachs raises possibility of $200 a barrel oil

Flash

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Goldman Sachs raises possibility of $200 a barrel oil

Steve Gelsi
MarketWatch
Saturday, March 8, 2008

Flashback: $200 Dollar a Barrel Oil Is Bilderberg Plan To Destroy Middle Class

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."

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.

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.

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.

"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."

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.

"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.

While saying it has a bullish long-term outlook, Goldman acknowledged that oil prices could correct from recent highs.
 

lifterdead

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Goldman Sachs says $200 a barrel could be a reality in the not-too-distant future

Not "could be a reality" but a "you bet your ass" oil will reach $200 a barrel in the next 5-6 years.


Not many people understand the current state of oil production. Check out the ASPO, http://www.peakoil.net/ a group run by geologists, many of whom used to work for oil companies. The price of oil has only one way to go: UP.
 

Robcardu

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it could be true these days, if things dont change that price will keep going up.
 

Tonka

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And the World powers will never give up oil till its used to the last drop for money. We already have the technology for water fueled vehicles.
 
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