New York .
In a Monday evening report to clients, the Wall Street bank backed up its bullish call by citing"robust fundamentals" in the oil market, a"surprisingly large" supply deficit and diminishing firepower from OPEC and its allies. Goldman Sachs also pointed to diminished appetite to invest in oil due to the energy transition.By summer, the bank expects oil inventories in advanced economies will sink to their lowest level since 2000.
Looks like big oil still has us by the Sachs.
I don’t care if oil goes to $500 a barrel. My car will still be cheap to run.
Open up the pipelines.
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