Yakkity-Yak

[peebeebaynut]

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

Comments

[theheretic]

Goldman lies more than the Saudis, as history shows us. You can make reasonable money betting against them. I don't disagree that oil prices are going up, but I think we'll see a plateauing effect with a long pause at each level as people in the economy adjust to this more permanent rise. My take on things is the price will rise and mostly stay high this time. Its not shock and awe like 2008. Its "What the market will bear". I don't think it will come down without a viable alternative to replace it, something cheaper and scalable, and we don't have that. Thus Goldman's claims about the price dropping are completely unsupported. So are their claims about the rise, unless they think people will believe them AGAIN, when they lied so much last time. People are stupid, I'll grant you that, but are they still rich enough to matter when they got taken so badly last time