Saturday, July 28, 2007

Upcoming Oil Spike?

Lifted from the latest Mogambo Guru column
The Financial Times reports that Goldman Sachs figures demand for oil is 1 million barrels higher and supply is 1 million barrels lower than last summer, and "prices could surge to $95 a barrel within six months without increased production" from OPEC.
Certainly something to look into. Keep an eye on the saber-rattling as that will also cause oil to go up.