Expect $10 a gallon in 09.

Goldman Sachs weighs in: Also contributing to Friday's oil price spike: analysts at the investment bank Goldman Sachs boosted their oil price predictions for the second half of the year from $107 to $141 a barrel.

"Supply constraints continue to push crude prices higher," Goldman analysts wrote in a research note Friday.

But the bank noted that despite the high prices, the global economy - and by implication, the demand for oil - continues to grow.

"The dire macroeconomic impact from the current oil shock has yet to materialize," the note said.

"Also contributing to Friday's oil price spike: analysts at the investment bank Goldman Sachs boosted their oil price predictions for the second half of the year from $107 to $141 a barrel."

Considering that oil hopped up today from a mysterious supply constraint that also pushed gold up, $107 isn't a radical call. They may be right on $141, but I'll stand by my prediction that it will be around a $100 by the election. After that, who knows. Depends on who wins. Depends on which GS analyst. Another has called $200.

"Supply constraints continue to push crude prices higher," Goldman analysts wrote in a research note Friday.

Then by all means go long oil. I won't, then we can compare notes at the end of the year.

Just out of curiosity, do you consider it a coincidence that a bad consumer confidence report, a dropping Dollar, rising gold, and rising oil all happened on the same day and sequentially? You watch analysts, I'll watch the markets.

You see many factors, I don't. This is the best kept secret on the planet. Oil supply has peaked and we're in serious shit. I don't know why the media and spin doctors are trying to suppress this reality. We know for a fact that when supply peaks and demand rises, disaster is at hand.

I am dependent on analysts. Educated bets are far better than gut feelings.

Personally I would short it to 70 per barrel by this time next year. At best a strangle.

jg

Good luck. Let me know how that pans out for you.