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Replies to post #64 on The Rising Influence of Rising Affluence

Replies to #64 on The Rising Influence of Rising Affluence
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DewDiligence

06/05/09 11:14 PM

#72 RE: old man #64

Given Goldman Sachs’ sorry record of forecasting oil prices, I’m not sure their new call is bullish :- )
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DewDiligence

06/09/09 10:01 AM

#82 RE: old man #64

The oil/NG price ratio is at a two-decade high of ~18x (~$68/bbl for WTI and ~$3.70/MBTU for domestic NG). This ratio is unsustainable, IMO, and will fall back to the 8-10x range in due course.