Goldman sees $20/bbl oil--big winners being US industry and consumers!

http://www.bloomberg.com/news/articles/2015-09-11/-20-oil-possible-...

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Permalink Reply by Charles Randolph on September 11, 2015 at 7:42am

Let's see what Goldman's oil price predictions over the past 2 years were )))))

Permalink Reply by rmc on September 11, 2015 at 7:51am
Ha ha might be a safe bet to say the price of oil is going to go up ?
Permalink Reply by Jon on September 11, 2015 at 9:55am

To the best of my knowledge shale wells lose most of their production after a few months to a year. Rig counts are way down. It seems like the price should go up quickly?

Permalink Reply by Joseph-Ohio on September 11, 2015 at 11:29am
I have a hunch the operator / developer throttling the production back is the real reason behind shale wells 'losing' most of their production after a few months ton a year.

Just my guess on it.
Permalink Reply by Charles Randolph on September 11, 2015 at 10:00am

On January 15, 2014 Goldman Sachs was predicting $90 oil through January 2015.  Hmmm...

Permalink Reply by Jon on September 11, 2015 at 10:32am
Who knows
Permalink Reply by Joseph-Ohio on September 11, 2015 at 11:32am
We can only guess.
Permalink Reply by Jon on September 11, 2015 at 11:55am

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