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Reply #9: Oil investor-good point [View All]

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ErikJ Donating Member (480 posts) Send PM | Profile | Ignore Wed May-11-11 02:05 AM
Response to Reply #4
9. Oil investor-good point
I remember in 2008 Goldman Sacs said oil was going to $250 a barrel which drove up the price of oil to $140. Then when the stock market crashed oil prices did too along with everything else. GS was of course heavily invested in oil and I think they were desperate for another bubble after their housing bubble crashed hard.
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  -Bernanke Weakening dollar - $179/barrel oil soon ErikJ  May-11-11 12:15 AM   #0 
  - The economy will crash way before that price  taught_me_patience   May-11-11 12:22 AM   #1 
  - This guy seemed upbeat  ErikJ   May-11-11 12:34 AM   #3 
     - The guy is probably invested in oil  taught_me_patience   May-11-11 12:41 AM   #4 
        - Oil investor-good point  ErikJ   May-11-11 02:05 AM   #9 
  - If that happens can we say great depression  diabeticman   May-11-11 12:29 AM   #2 
  - Pretty tough to leave a sinking ship when there are so many holes in it.  Bonobo   May-11-11 12:43 AM   #5 
  - An artifact of the deline of the people of a nation, I think.  jtuck004   May-11-11 01:11 AM   #7 
  - What the fuck good is a $7.00 per hr. Job if a loaf of bread costs $10.00?  OffWithTheirHeads   May-11-11 12:57 AM   #6 
  - that economist is a liar or a moron  hfojvt   May-11-11 01:59 AM   #8 
  - There is a distinct relationship,  dipsydoodle   May-11-11 02:57 AM   #10 
  - Bernake throws supply/demand out the window?  JohnnyRingo   May-11-11 03:45 AM   #11 
 

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