According to NY Times (05/21/2008): “An analyst at Goldman Sachs, Mr. Murti has become the talk of the oil market by issuing one sensational forecast after another. Mr. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a “super spike” — a price surge that will soon drive crude oil to $200 a barrel.”
According to CNN Money (11/20/2008): “crude futures fell $4 to settle at $49.62 a barrel, the lowest settle price since May 23, 2005”.
LayoffBlog.com comment: “Clean up your locker and hit the road, Mr. Murti”.
LayoffBlog.com 
It’s just another of Goldman Sachs analysts who rode to their reputation by betting on the hottest commodity in town. Mr. Murti, you should go have lunch with your dot.com colleague, Abby Cohen.
She was replaced, now you can expect the same.
Comment by D. Sparks — December 7, 2008 @ 12:58 am |