October 13, 2008
...AND CHEAPER...:
Oil tipped to bottom out at US$50 (Tamsin Carlisle, October 13. 2008, The National)
Goldman Sachs, the investment bank that earlier warned of US$200 oil, has joined other analysts who now see $50 as a more likely near-term price for a barrel of crude. [...]Posted by Orrin Judd at October 13, 2008 8:00 AMThe analysts predicted that $50 oil could become a reality as early as December. It is currently trading at $81 a barrel.