September 11, 2015

NEVER A BETTER TIME TO TAX THE BEJEEBIES OUT OF IT:

Goldman Sachs: Oil could hit $20 (Mark Thompson, 9/11/15, CNN)

Forget $40 a barrel oil. Prices could plummet to $20 as a massive supply glut persists until the end of next year.

That's the view of Goldman Sachs, which published an oil report Friday headlined "Lower for even longer."

The bank's commodities team slashed its forecast for average prices in 2016 to $45 per barrel from $57, but said the risks of a collapse to $20 were growing.

Posted by at September 11, 2015 8:03 PM
  

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