Tom Kirkman

Goldman says Brent Oil To Reach $70-$75 Soon. I'm shocked. *Shocked* I tell you!

Recommended Posts

I'll spare you another dose of my ad nauseum comments about my expectations for an average of $70 Brent for this year.   A quick forum search says I have mentioned $70 oil about 750 times so far:

 

20190226_120136.thumb.jpg.e7aa2bd0dd0e6581f50d107dd65ec2f9.jpg

Goldman: Brent Oil To Reach $70-$75 Soon

As the oil market continues to tighten significantly, Brent Crude oil prices could reach $70 to $75 a barrel in the near term, with an upside potential of exceeding the $67.50 a barrel forecast, according to Goldman Sachs.

The outlook for the oil market through the end of June 2019 is modestly bullish, Reuters quoted the investment bank as saying in a research note on Monday.

Share this post


Link to post
Share on other sites

I know, RIGHT? Still recovering from the shock.

Share this post


Link to post
Share on other sites

10 hours ago, Tom Kirkman said:

I'll spare you another dose of my ad nauseum comments about my expectations for an average of $70 Brent for this year.   A quick forum search says I have mentioned $70 oil about 750 times so far:

 

20190226_120136.thumb.jpg.e7aa2bd0dd0e6581f50d107dd65ec2f9.jpg

Goldman: Brent Oil To Reach $70-$75 Soon

As the oil market continues to tighten significantly, Brent Crude oil prices could reach $70 to $75 a barrel in the near term, with an upside potential of exceeding the $67.50 a barrel forecast, according to Goldman Sachs.

The outlook for the oil market through the end of June 2019 is modestly bullish, Reuters quoted the investment bank as saying in a research note on Monday.

I don't know what you are talking about Tom...

Surely you do not want me to have to spend more of my small monthly Social Security pension on gasoline than i do now ?

Phooeey on rising Brent......

 

Share this post


Link to post
Share on other sites

31 minutes ago, Illurion said:

I don't know what you are talking about Tom...

Surely you do not want me to have to spend more of my small monthly Social Security pension on gasoline than i do now ?

Phooeey on rising Brent......

 

Yeah Tom.  Do you know how many times fRed has to go to the hospital for new bionic parts?  In fact, I think Elon could kill two birds with one stone and give Illurion a battery car: Makes him a convert and lowers his gas bill!  Win-win.

  • Like 1
  • Great Response! 1
  • Haha 2

Share this post


Link to post
Share on other sites

8 hours ago, Illurion said:

I don't know what you are talking about Tom...

Surely you do not want me to have to spend more of my small monthly Social Security pension on gasoline than i do now ?

Phooeey on rising Brent......

 

Brent averaged $71 last year.

Why would $70 Brent now be bad for this year?

Share this post


Link to post
Share on other sites

(edited)

59 minutes ago, Tom Kirkman said:

Brent averaged $71 last year.

Why would $70 Brent now be bad for this year?

Because i was saving money over the last year....

the price of regular gas has risen 44 cents per gallon in the last 7 days........  from $2.05 to $2.49...

People on fixed incomes like me are really hurt by rising gas prices........

we cannot work overtime, or do anything to get more money......

we are just screwed.....

this affects my ability to go to the doctor, or store, or take my Grandchildren to school....

Edited by Illurion

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.