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Goldman Sachs says price of oil will fall to 70 bucks a bbl in 2015.......

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posted on Oct, 27 2014 @ 03:36 PM
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a reply to: the2ofusr1

Perhaps there are other factors at play.

It might be the case that prices will surge upward so drastically and rapidly, that all of a sudden, everyone turns round and ditches all but the most unavoidable oil purchases. Perhaps car companies will be forced to offer obscenely efficient electric alternatives, and perhaps power companies will be forced to use alternative methods of producing their energy for distribution into the grid.

Perhaps instead of a war for oil, like those which have dominated the headlines throughout the last few decades, there will soon be a war against it. Perhaps Goldman Sachs have the inside line on something like that. Perhaps they realise that with IS selling oil to bolster its coffers, the entire oil industry will come under so much scrutiny, that it collapses as an idea, that it's every dirty secret cannot help but come out.

That would be something to see, eh?

It could all be nonsense however, and you guys could be right, they could be the puppeteer, and the hot dog vendor all at once!




posted on Oct, 27 2014 @ 03:44 PM
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a reply to: TrueBrit

The way it works:

A bank or other purveyor of large amounts of cash, makes a play on oil futures. Basically, drive down the price (even if you do it by sinking some of your own capital into it). Purchase oil. Park it in tankers in the ocean. Wait for oil prices to rise. Sell high.

JP Morgan did that with a large release of US Government Oil Reserves back in 2009ish. Over 3 days gas prices went from $4.88/gallon to $2.45/gallon



posted on Oct, 27 2014 @ 03:48 PM
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a reply to: bigfatfurrytexan

I am familiar with that practice in the oil markets.

I suppose it would be too much to ask, to hope for a new script for this very tired show!



posted on Oct, 28 2014 @ 12:32 AM
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whatever those assholes at Goldman Sachs are up too,, you can be sure someone will end up screwed



posted on Oct, 30 2014 @ 03:37 AM
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The world uses 85 million barrels a day. At 42 gallons to the barrel, that's three billion, five hundred and seventy million gallons of oil (3,570,000,000) PER DAY!!!!!! 430 tonnes per second or 500,000 litres per second.

Do some research peeps. Even those who are making extreme amounts of profit, realize that this cannot be sustained and are proactively moving into different markets before it goes pop.



posted on Oct, 30 2014 @ 05:56 AM
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originally posted by: subtopia
The world uses 85 million barrels a day. At 42 gallons to the barrel, that's three billion, five hundred and seventy million gallons of oil (3,570,000,000) PER DAY!!!!!! 430 tonnes per second or 500,000 litres per second.

Do some research peeps. Even those who are making extreme amounts of profit, realize that this cannot be sustained and are proactively moving into different markets before it goes pop.


I like this guy.



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