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Samstag, 13. Dezember 2008

oil prices to $45USD/B says..

Goldman Sachs predicts fall in oil prices to $45 a barrel
Goldman Sachs has slashed its forecast for crude oil prices to just $45 a barrel next year as demand wanes - in a sharp
U-turn from its prediction of a spike to $200 made earlier this year.In May, the investment bank's energy equity team led by Arjun Murti made headlines when it predicted oil could rise to $150 to $200 a barrel within two years. Oil prices peaked at $147 a barrel in July and have fallen sharply since then as a rapidly deepening global economic downturn reduced demand for energy.The team, which also made waves in 2005 by calling crude's rise to $100, cut its 2009 forecast to an average price of $45 a barrel. The analysts also think prices will bottom out early next year and that a shift from "demand destruction" to "supply destruction" will reignite the oil rally before long.... more details in the Guardian here....
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oh what a wonder: "Lets praise the Lord" Goldman Sachs has a new vision.....

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