Goldman Sachs: High Oil Won't Kill Stocks

Back to blog

Say What NOW ? DOW went under 8000 this morning 10/10/08

Say What NOW ? DOW went under 8000 this morning 10/10/08

Bunch of gullible kids. What makes you think that after drilling, the oil companies will give you the benefits ? They make much money over the past 8 years but they didn't give any.

Without the Democrat, nationalize banks is one consideration of Paulson, Bernanke and Bush.

Radical Measures May Be In The Wings

Friday October 10, 12:12 pm ET

“I don't wish to spread alarm on the line people but the big issue confronting the market is I'm afraid the health and sustainability of Morgan Stanley (NYSE:MS - News) and Goldman Sachs (NYSE: gs)," Hugh Hendry, Partner and CIO at Eclectica, told CNBC. "It is unimaginable that they can be allowed to go, I suspect that they will be nationalized at some point today or over the weekend," he add.

John P of NE @ Oct 10, 2008 14:41:57 PM

Don't believe the 68 million acres scam the Dems are heaping at you. Since the oil companies don't own these acres, there is a clause that states if they don't explore on the lands and find oil on them, they must give back the leases to the government so they can be resold. So, even if the big oil companies don't drill on the lands, the leases can be taken and given to smaller companies to drill there, if they are willing to make the investment. It's a shell game that the Dems are playing now.

And I am with you on them openly stating they want to nationalize the oil industry. If this doesn't wake people up, I don't know what will.

Chris of AZ @ Jun 19, 2008 13:36:57 PM

I hope they are right...

I hope that the Goldman Sachs view is correct, because Democrats are not only blocking new exploration for oil, but are threatening to take away 68 million acres of oil leases the oil companies already have access to. They are now talking openly about nationalizing the oil industry.

Once they have nationalized energy and medicine, what's next? Manufacturing? Financial services?

Mazzula of VA @ Jun 19, 2008 11:57:53 AM

Back to blog

Add Your Thoughts
About You
Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!