March 31, 2005

Reuters Is On a Roll

Why haven't you panicked yet?

Oil markets have entered a ``super-spike'' period that could see 1970's-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.

But before you take this too seriously, remember:

Goldman Sachs is the biggest trader of energy derivatives...

So, it's not like they have a stake in volatility, or anything.

Posted by Charles Austin at March 31, 2005 04:46 PM