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IPFS News Link • Economy - Economics USA

Goldman: Get Ready For Oil Prices To Go Back To $147

08/06/2009 • The Business Insider

Goldman Sachs is once again warning the world of a coming spike in oil prices that will remind everyone of 2008. The current financial crisis is to blame. While we focus on fixing the banking sector, we've forgotten that there are fundamental problems with the commodites markets. The spike from 2008 will return because there's been "decades" of poor investment decisions by oil producers.

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