Yakkity-Yak
http://solarbird.livejournal.com/885364.html?thread=4809076#t4809076
Aside from wondering what she's going to say I did enjoy looking back at the GS superspike report from March 2008...New 'super-spike' might mean $200 a barrel oil - Goldman's projections foretell persistent turbulence in energy prices ``The core of our 'super-spike' view is that oil prices will keep rising until demand declines globally on a multiyear basis, resulting in the return of excess capacity and a lower cost structure," Goldman's analysts said. "Given this view, once excess capacity returns, we think prices can move sharply lower."''
...with no explanation of how demand would get lower.
Aside from wondering what she's going to say I did enjoy looking back at the GS superspike report from March 2008...New 'super-spike' might mean $200 a barrel oil - Goldman's projections foretell persistent turbulence in energy prices ``The core of our 'super-spike' view is that oil prices will keep rising until demand declines globally on a multiyear basis, resulting in the return of excess capacity and a lower cost structure," Goldman's analysts said. "Given this view, once excess capacity returns, we think prices can move sharply lower."''
...with no explanation of how demand would get lower.