BANZAI7 NEWS--Goldman Sachs unexpectedly turned bullish on crude oil on Thursday, helping to drive prices towards $70 a barrel, the highest level in more than seven months. Wall Street's largest commodities dealer dropped its bearish trading stance and forecast that prices would reach $85 a barrel by the end of the year.
You will recall that Goldman predicted $200 oil by the end of 2008. Guess who has underwritten Goldman's ability to pump the long oil trade in 2009? Hint, starts with an A ends with a G.
Have'nt you noticed all the plain folks who are just clamoring for new ways to burn bountiful oil? So much so that Chinese companies want to position themselves to sell Hummers to American's drunk with spare cash.
Hey bartender, give me a triple shot of that Green stuff!
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