Eugene David
...The One-Minute Pundit

Tuesday, May 06, 2008


ANALYST WARNS OF OIL AT $200 A BARREL!!!!!!!!!!!! (Overemphasis added)

Mr Murti’s warnings carry weight in the oil market after he correctly predicted in March 2005 when oil traded at about $55 a barrel that prices could suffer a “super-spike” to $105 a barrel.

The warning in 2005 was criticised as “self-serving” because Goldman Sachs is one of the largest Wall Street investment banks trading oil and it could profit from an increase in prices.

The criticism forced the bank’s then chief executive – Henry Paulson – to defend the bullish report. Mr Paulson is now US Treasury secretary.


Ka-CHING!!!!!!!!!!

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