Goldman Sachs Oil Forecast Might Make You Want To Wait On That New Gussler Truck Purchase

While the 2019 fuel forecast calls for temperate prices at the pump, Goldman Sachs claims we could be in for a brief surge this spring.

Global oil production is expected to take a sizable hit next month. Saudi Arabia, along with the rest of OPEC, has been limiting production to prop up prices. Meanwhile, Venezuela is having trouble across the board. The nation’s ongoing political crisis has resulted in a steady decline in oil production since 2013, and U.S. sanctions effectively made doing business with Venezuela’s state-owned oil company, PDVSA, an impossibility overnight.

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dlin - 2/26/2019 12:20:44 PM

-8 Boost

Where's the antitrust investigation on big oil companies?

MDarringer - 2/26/2019 10:34:19 PM

+2 Boost

You are pathetically stupid.

dlin - 3/2/2019 8:28:34 PM

-2 Boost

I believe that vote goes to you unanimously per users of this website

MDarringer - 3/2/2019 8:46:20 PM

+3 Boost

Nah, there are people far more stupid here than I am.

dlin - 3/10/2019 1:29:50 PM

-1 Boost

And they don't lie like you

skytop - 2/26/2019 12:31:09 PM

+8 Boost

Oh my, yet another lame brain Liberal prognostication about oil become expensive.

I still remember that same idiot lying Liberals screaming the world had RUN OUT OF OIL back in the 1970's. They wanted to outlaw auto racing as 'wasteful.'

Now in 2019, here we go again.

dlin - 2/26/2019 1:29:04 PM

-4 Boost

How stupid... An rural idiot quickly stereotypes others based on one comment

Know how much 100 Octane is in LA?

Tiberius1701A - 2/26/2019 12:41:51 PM

+4 Boost

What is a 'Gussler'? Editing? Proofreading??

PUGPROUD - 2/26/2019 12:43:40 PM

+5 Boost

Goldman doesn't make forecasts to enrich your account, it does it to enrich theirs and at times their clients who buy in with a minimum of $5,000,000. Goldman doesn't reveal what holdings it has but be damn sure they will benefit from steering you in one direction or another. As a firm its been caught double dealing, playing one client against the other and taking positions as a firm opposed to positions it recommends to clients. Didn't use to be that way years ago but it is no longer the beacon of integrity and the gold standard for honesty and putting clients' best interests first.

ricks0me - 2/26/2019 3:18:44 PM

+2 Boost

PUG said: Goldman doesn't make forecasts to enrich your account, it does it to enrich theirs

Rick said: Translation >>> Goldman has oil holdings in the red. They put out this fake news to get investors to buy energy stocks. Hopefully, this will put Goldman in the black. ... PUGPROUD saw right through this BS Forecast

Truthy - 2/26/2019 6:07:19 PM

+5 Boost

PUGPROUD, you nailed regarding GS. Once crude hits $80/bbl US oil production will step up.

Foncool - 2/27/2019 6:36:17 AM

+4 Boost

Did anyone bother to even read the article? It simply said there may be a slight bump upward in oil prices for 2 months or so before settling back down due to temporary market conditions.

PUGPROUD - 2/27/2019 7:12:32 AM

+3 Boost

Announced in my morning paper today that Goldman Sachs believes that losses from lawsuits against it may exceed its balance sheet reserve by $1.9 billion. We are asked to believe that Goldman can predict gas prices while it can't predict how much it has to pay out to disgruntled clients for nefarious acts, missing the mark by almost $2.0 billion!

CarCrazedinCali - 2/27/2019 10:58:43 PM

-3 Boost

Nah, Americans are too stupid to plan or think about the future

TomM - 3/3/2019 11:24:20 AM

+2 Boost

But - If you have not noticed - the sales of Large Crossovers and Suvs have been dropping - almost as much as large sedans

MDarringer - 3/3/2019 11:36:11 AM

+2 Boost

God save us all. There is an escapee from the retirement village who is off his meds again.