: :inin Kyiv (EET)

Goldman Sachs: ‘the geopolitical risk to oil supply has likely moved past its peak’

Goldman Sachs has a big, new report out on energy. It is a must read. Part of it fleshes out the bank’s theory that there is a “New Oil Order” where the balance of energy power is experiencing tectonic shifts with the US unwittingly at the center. Here is a bit of it:Finally, despite this knowledge of deepwater no longer being the marginal barrel and supporting the market above $100/bbl, cost deflation, and a slower longer-term oil demand growth environment, why did the market still ignore all of these signals until late June? Three very real risks: (1) ISIS …read more

Source: American Enterprise Institute for Public Policy Research

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