Monday, May 29, 2006

On Second Thought: The Super Duper Spike Theory.

Arjun Murthi of Goldman Sachs was responsible for the original $105 super spike call ('Buy early. Buy often. Repeat.') that caused so much controversy in early 2005. He's apparently now thinking that $105 may be too conservative if something happens in a major oil exporter.

AME Info: Oil could go above $105 a barrel.

He didn't apparently mention hurricanes, but it sure is hot.

Update: More information is in this article 'Oil could top $105 in major supply outage: expert'.