Another Marker on Oil

Little noticed outside of Wall Street is yet another hysterical doomsday prediction on the price of oil. A genius at Goldman Sachs is saying oil will hit $200 a barrel shortly. This asinine prediction is yet another indication oil is topping out. Given there is an increasing supply of oil with more on the way at these prices and a slowing international economy, oil has nowhere else to go but down soon. The amateurs always show up at major tops and bottoms.