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re: Goldman Sachs Claims Oil could go to $20 a barrel
Posted on 10/5/15 at 3:07 pm to MrLSU
Posted on 10/5/15 at 3:07 pm to MrLSU
quote:
Goldman could very well be correct because one of the things taking place right now is the black market of oil supplies being dumped on the market by Iran, Iraq, Syria, and Libya. They are selling barrels of oil over there for $5 dollars a barrel right now in Syria.
No they aren't. Any oil that is sold on the black market, like the ISIS oil sales for example, are too small to move the legitimate world market.
1
Posted on 10/5/15 at 5:08 pm to cwill
I've always wondered- who buys black market oil? I can't imagine it being large volumes or big countries since they can get oil from reliable sources.
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