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