The Secret Oil Price Rally No One’s Talking About
by Greg Guenthner .
Posted Oct 28, 2014.
Oil is now as abundant as oxygen.
The world is drowning in the stuff. Oil supplies are far outstripping demand. And unloading a barrel of crude is like trying to sell sand in the Sahara.
OK, so I made all that up…
But that’s exactly what Goldman Sachs wants you to believe.
The evil geniuses at Goldman Sachs just released a report predicting crude will plummet to $70 by next spring. The new target price is a full $15 lower than Goldman’s previous guess from last quarter. Could the Masters of the Investment Universe have made a mistake?
After the smart money cashes out of its bets against
“And Now the Rest of the Story – “The Secret Oil Price Rally No One’s Talking About