Goldman Sachs Predicts Oil "Super-Spike"

Investment bank Goldman Sachs portends more gloom and doom in their latest oil futures prediction. A search through their previous prognostications seems to back up the story. They were some of the first to predict triple digit per barrel prices.

An excerpt:

The "super-spike" theory argues that a lack of adequate supply growth along with price-insulated demand growth in non-OECD countries will lead to a dramatic and continuous rise in oil prices that will ultimately lead to a sharp correction in oil demand.

A counter-thought:
Perhaps they really believe the price has topped out for the moment and need some buyers...

http://www.reuters.com/article/ousiv/idUSL0691448820080507

Another look at the analyst behind the theory:

http://timesofindia.indiatimes.com/Business/Indian_analyst_spooks_world_economy/articleshow/3027279.cms