Oil could top $105 in major supply outage: expert

[Eugene]

Oil could top $105 in major supply outage: expert

May 28, 2006 — By Haitham Haddadin

KUWAIT (Reuters) - A Goldman Sachs <GS.N> projection that oil prices could top $100 a barrel
in the event of a major supply disruption could be conservative in the current tight market,
said a senior executive with the investment bank.

Other energy experts told an energy forum late on Saturday in Kuwait that global oil market
fundamentals point to generally higher energy prices as demand growth outstrips new supply.

"We thought that maybe somewhere within $50 to $70 (oil price) we might get the economic damage
and that it would take a major, not a minor, disruption to get to the $105 number," said Arjun
Murti, Managing Director at Goldman Sachs.

"If we truly did have a major outage in a major exporting country then $105 will prove
conservative," Murti added at the National Bank of Kuwait energy forum.

<snip>

Full article: http://abcnews.go.com/Business/wireStory?id=2014162

The article goes on to say that high demand and high prices are here to stay.

[Skink]

1. You mean like if we attack Iran.

thereby taking their oil off the market.

[TomClash]

2. Surprise!

And who benefits?

Here's a guess: it's not you and me.

[paparush]

3. Who could it be.......who in the world could it possibly be....could it be

SATAN?????

[Dogmudgeon]

4. Hurricane Season starts on Thursday

--p!

[Dead_Parrot]

5. ...

:popcorn: