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Goldman’s Oil At $50 By 2020? | Seeking Alpha

October 14th, 2015 · No Comments

  • Goldman Sachs argues that oil will stay low for the rest of the decade but predictions are tough, few if any saw the oil crash coming.
  • The main argument from Goldman is about the resilience of the US shale sector.
  • This is indeed remarkable, the number of rigs has halved, but production has stayed up.
  • A substantial part of that is due to temporary factors and with less new wells, the decline rate of existing wells will make themselves felt sooner or later.

Source: Goldman’s Oil At $50 By 2020? | Seeking Alpha

Tags: Energy · Oil