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Old 1st May 2013, 13:05
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Capt Roo
 
Join Date: Aug 2007
Location: aus
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A Goldman Sachs "analyst" has predicted that oil could come down to $30 a barrel "soon".
Possibly the same guy who forecast it would hit $200 in about 2006.
Don't think anyone really knows - too many factors at play. Shale Oil, natural gas prices falling etc.
Interesting book out in the UK "After the Sheiks" by Christopher Davidson. Doesn't look good for the future of the region. Banned in the Persian Gulf no doubt.
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