Description: Top investment banker, Goldman Sachs, broached the possibility that the value of oil can drop to as low as $20 a barrel. If price of oil does reach that low, it will be the lowest it has been in the last 13 years.
Source: The Globe and Mail
Date: September 11, 2015
Questions for Discussion:
- What are the reasons behind Goldman’s prediction?
- Why is the Organization of Petroleum Exporting Countries not scaling down its production of oil?
- How will you predict the oil market to advance over the next one year and why?