Oil prices expected to go higher

nerfer · 09-17-2007, 03:48 PM

Quote:

Goldman Sachs raised its year-end forecast for oil prices to $85 per barrel from $72 per barrel, with a "high risk of a spike above $90 per barrel." . . . crude oil production this summer was almost a million barrels per day below year-ago levels, while demand was more than a million barrels per day higher than a year ago.

"This sharp imbalance prevented the normal seasonal build in inventories and has even set the stage for a third quarter draw on stocks, which is a rare event typically associated with significant winter price spikes."
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Practice your pulse-and-glide technique now!

eagle33199 · 09-17-2007, 04:09 PM

It doesn't take a genius to figure out prices are just going to keep going up and up and up, unfortunately.

huskers · 09-17-2007, 07:55 PM

That should mean more Prii on the roads !!!

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09-17-2007, 04:09 PM	#2
eagle33199 Platinum Member Join Date: Mar 2006 Location: Minnesota Posts: 3,600 My Car: 2006 Prius Package: #7 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	It doesn't take a genius to figure out prices are just going to keep going up and up and up, unfortunately.

09-17-2007, 07:55 PM	#3
huskers Senior Member Join Date: Aug 2005 Location: Missouri Posts: 608 My Car: 2005 Prius Package: #3 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	That should mean more Prii on the roads !!!