08.04.2015 - OPEC … Your Days are Numbered
Crude oil jumped this week to its highest price since mid-February. Is the energy sector’s worst pain over? “Don’t count on it,” says Goldman Sachs (GS). They say oil prices can’t rise much until oil production shrinks — which will take months, maybe years. OPEC’s monopoly isn’t so valuable anymore. In fact, it isn’t even a monopoly. The sun is setting on OPEC. Say what you will about Goldman Sachs; they’ve been mostly right about oil prices lately. Their analysts forecasted $75 oil last October, weeks before the big drop. Goldman’s only mistake was being too optimistic...............................................Full Article: Source
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