Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

By the way did anyone ever mention "oil" to him?

This is all the more ironic that it is one of his colleagues who has made the most spectacular predictions about oil prices going up (with talk about an "oil spike" to $105 a year or two ago, and more recently talk about $200 oil), and that Goldmans is generally seen with suspicion as one of those speculators pushing oil prices up.

But oil scarcity not beng part of the "narrative", they don't feel the need to fit the two together.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jul 16th, 2008 at 12:32:57 PM EST
[ Parent ]
A guy representing finance execs who at the top have hundreds of millions squared away, and at the bottom are finally squaring away their first $10M, dares to comment on people who finally are earning $6K to $30K?

What exactly am i missing here?

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Wed Jul 16th, 2008 at 04:21:03 PM EST
[ Parent ]
Jerome a Paris:
and that Goldmans is generally seen with suspicion as one of those speculators pushing oil prices up

Not Goldman, I think, but the captive funds they operate and which their traders have as a backstop eg "Date Rape" and all that.

But their fighting talk re oil prices, and the current bubble/ spike, keeps the money flowing in to the funds all right.

As for O'Neill, he seems incapable of writing anything without dropping a "BRIC" reference, because of course, who was it who invented the acronym....

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Jul 16th, 2008 at 07:38:30 PM EST
[ Parent ]

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