$200 Crude in 2012? Why It's Possible

In May 2008, as crude oil steamed toward a July -- and all-time -- high of $147 per barrel, a Goldman Sachs (NYSE: GS ) group predicted that black gold's price could move as high as $200 within the following 24 months. Few financial forecasts have ever received more attention. Instead, during the second half of the year its price rolled over and began a free fall to near $30 as December brought the eventful year to a close.

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