Above the fold in the Business section of the Washington Post yesterday: a story by Steve Mufson about Arjun Murti, the Goldman Sachs oil analyst who’s been nailing future oil prices. Murti and Jeffrey Currie, a commodity analyst, raised their short-term forecast for crude oil to $141 a barrel and confirmed their earlier prediction that oil will have a super-spike – $150-200 a barrel – in the next two years. Mufson notes this is the fifth time in four years that GS has pushed the envelope beyond what other analysts thought possible, only to be proved right. “Can Murti continue his streak?” the article wonders, as if Murti were shooting free throws or something.
Meanwhile, top story on the front page, an article about how the jump in ridership threatens to “overwhelm” area transit in DC. And this from Blueski, a WWO player: “living here in Vermont – where we have either minimal or no mass transit options and home heating is a major need – the prices are scaring people a lot – this winter is going to be tough going I’d say…….. am starting to see the rows of pickups, SUV’s etc parked out on the lawns with “for sale” signs on them as I wrote about in my game blog…..” Folks, this was not a game.