Goldman sees oil price 'super spike' to $105 a barrel
Posted by Prof. Goose on March 31, 2005 - 10:44am
Is it just me, or in the past few days are the media waking up to the notion of Peak Oil?
Here's a link to the story: Goldman sees oil price 'super spike' to $105 a barrel - Oil and Gas - Energy - Analyst
$105/bbl equates to about $4/gal. (I base that on an article I saw the other day that had $90/bbl~=$3.50). The price today is $55/bbl, and I think the national average is around $2.20.
Do you think that $4/gal would actually change some habits? I truly doubt it.
Still, for a mainstream set of analysts like those at Goldman Sachs to come out and make such a bold prediction as this is a big deal.
Wake up America. It's coming.
Technorati tags: peak oil, oil prices
Here's a link to the story: Goldman sees oil price 'super spike' to $105 a barrel - Oil and Gas - Energy - Analyst
$105/bbl equates to about $4/gal. (I base that on an article I saw the other day that had $90/bbl~=$3.50). The price today is $55/bbl, and I think the national average is around $2.20.
Do you think that $4/gal would actually change some habits? I truly doubt it.
Still, for a mainstream set of analysts like those at Goldman Sachs to come out and make such a bold prediction as this is a big deal.
Wake up America. It's coming.
Technorati tags: peak oil, oil prices
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