World Oil News - Sep 22 - GS $90 oil if winter is colder?While interesting to read the headlines....we must not forget BTE doesn't need anything near $90 oil.
Very happy with $60-$70 which is amazing free cash flow
At $72 (right now) we have over 1/2 Billion Dollars in Free Cash Flow....who needs $90 oil???
Reference:
https://www.worldoil.com/news/2021/9/22/goldman-sachs-projects-90-oil-if-winter-is-colder-than-normal "Goldman Sachs projects $90 oil if winter is colder than normal"
"(Bloomberg) --Oil may surge to $90 a barrel if the approaching winter in the northern hemisphere proves colder than normal, said Jeff Currie, global head of commodities research at Goldman Sachs Group Inc."
"Such a rise would be $10 higher than the bank’s current forecast and would be accompanied by a prolonged period of high natural gas prices that already have had disastrous consequences for U.K. power providers."
"Tightening gas supplies in Europe will elevate demand for oil as an alternative at a time when global crude output is constrained, Currie said during a Bloomberg Television interview on Wednesday. Post-hurricane disruptions in the U.S. Gulf of Mexico were among the worldwide factors he cited."
"Meanwhile, the gas rally shows no signs of abating, “particularly outside the U.S.” as tight supplies run headlong into surging demand, Currie said."