Reuters staff

Goldman Sachs: Oil Could Spike to $105

Oil markets have entered a “super-spike” period that could see 1970’s-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.

March 31, 2005

Shell pumps twice as much as it finds

But similar to industry trend where private oil companies can’t locate large future reserves.

March 31, 2005

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