Goldman Sachs projects oil prices to hit $100/barrel in the near future.
Goldman Sachs said in a research report on Thursday that oil markets have entered a “super-spike” period that could see prices rising as high as $105 a barrel.
“We believe oil markets may have entered the early stages of what we have referred to as a “super spike” period - a multi-year trading band of oil prices high enough to meaningfully reduce energy consumption and recreate a spare capacity cushion only after which will lower energy prices return,” Goldman’s analysts wrote.
Ouch! Methinks I’d better look at installing a fireplace if I want to keep warm.
In all actuality, our project price per barrel made in the '80s was about $90 right now. But yea, get used to warming your hand’s in your buttocks. It’s nature’s pocket.