Barry Sotoero

Goldman's $200 Oil Call and the Hurricane Premium Theory

We are in a recession with 1.5% growth rate and oil is at $110 dollars a barrel. It will be much higher when our growth rate is about 5% or 6% in a couple years and inflation is at 15%. All the analyst have been saying for years that oil will trade around 30 to 50 dollars a barrel, including Goldman. In see oil around $250 to $300 in the next 5-10 years without a major terrorist attack on pipelines. Peak oil is getting closer and we do not have infrastructure to support anyother form of energy on a mass scale. Buy gold,oil services and drillers to offset inflation.