20.06.2016 - Beware Goldman Sachs Oil Price Prophecy
Oil prices have recovered somewhat from the lows we saw in 2015 and early 2016. Still, the price is down by more than half as compared to its high of a couple of years ago. The price of crude oil currently sits just below $50 per barrel as of this writing. The oil bubble, and its subsequent bust, is one of the few examples we have seen of a bubble/ bust scenario since 2008/ 2009. The Fed has pumped in a lot of money since 2008, and interest rates have remained near historic lows...............................................Full Article: Source
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