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goldman sachs predicts $200/barrel oil


From MSNBC, which has more details….

NEW YORK – A Goldman Sachs analyst on Tuesday predicted that oil prices could reach $150 to $200 a barrel over the next 6 months to two years, but said that how far prices could climb still “remains a major uncertainty.”

“We believe the current energy crisis may be coming to a head, as the lack of adequate supply growth is becoming apparent,” analyst Arjun N. Murti wrote in a client note.

Meh.

Good thing I wasn’t planning to, say, drive 1000 miles in late summer or something. Actually, I do very little driving these days, and I am always shocked when I fill up my pickup monthlyish, because I’ve typically forgotten how much gas costs in the meantime.

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