24/7 Wall St.
05-07-2008, 07:37 AM
24/7 Wall St. Daily News
The operating theory of most oil analysts and economists is that OPEC will let prices go up and up. Nothing could be further from the truth. Goldman Sachs has said oil could spike to $200 a barrel sometime in the next two years, but that won't happen. Oil is now at $120 and on its way up. The kings and princes in Saudi Arabia and Dubai are adding to their wealth at the rate of tens of billions of dollars a year. Their plan has been to hold demand and accuse speculators and the dollar of pushing up prices. They...http://feeds.feedburner.com/~f/typepad/RyNm?i=OJuXVH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=OJuXVH) http://feeds.feedburner.com/~f/typepad/RyNm?i=XDRtBH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XDRtBH) http://feeds.feedburner.com/~f/typepad/RyNm?i=VwV1dh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=VwV1dh)
complete story here... (http://www.247wallst.com/2008/05/opec-will-drive.html)
The operating theory of most oil analysts and economists is that OPEC will let prices go up and up. Nothing could be further from the truth. Goldman Sachs has said oil could spike to $200 a barrel sometime in the next two years, but that won't happen. Oil is now at $120 and on its way up. The kings and princes in Saudi Arabia and Dubai are adding to their wealth at the rate of tens of billions of dollars a year. Their plan has been to hold demand and accuse speculators and the dollar of pushing up prices. They...http://feeds.feedburner.com/~f/typepad/RyNm?i=OJuXVH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=OJuXVH) http://feeds.feedburner.com/~f/typepad/RyNm?i=XDRtBH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XDRtBH) http://feeds.feedburner.com/~f/typepad/RyNm?i=VwV1dh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=VwV1dh)
complete story here... (http://www.247wallst.com/2008/05/opec-will-drive.html)