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OPINION * USA - Pricey petroleum here to stay
Trucking firms, airlines brought to their knees by the high cost of fuel
Vancouver,British Columbia, Canada -Canwest News Service/The Vancouver Sun, by James Bagnall -August 15, 2008: -- We are not returning to an era of cheap energy... It was three years ago, an eternity in the foggy world of commodities trading, when Arjun Murti, a New Jersey native and analyst at Goldman Sachs, published a research note that competitors charged was riddled with irresponsible conjecture... On a day when oil was trading at $55 (all U.S. figures) per barrel, Murti projected a "super spike" in which a barrel of crude could fetch $105 in the next few years... Kevin Kerr, owner of the New York commodities research firm that bears his name, branded Murti's report "nothing more than hot air"... An investors' blog suggested darkly that Murti was involved in a conspiracy to jack up the value of his firm's oil investments...
Labels: oil opinions
posted by Unknown @ 7:57 AM
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