PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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From: kryptonic6	4/20/2005 12:42:44 AM
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Goldman: Costly oil not a bubble Jump in crude prices during the past year backed by economics of supply and demand, firm says. CNNMoney/Reuters The surge in oil prices during the past year is backed by the economics of supply and demand rather than the result of a short-lived bubble, the global head of commodities research at Goldman Sachs said Monday. "The fundamental shift is not a bubble generated by speculation, but that of a systematic upward shift in the long-term price of oil," Jeff Currie, a managing director at top energy derivatives trader Goldman, told an energy conference. (19 Apr, 2005) money.cnn.com

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