From The Pragmatic Capitalist:

Goldman Sachs has been bullish about all things BRIC for years now. In a recent trip to China a number of Goldman analysts visited local and foreign oil and gas related companies as well as various equity investors in major Chinese cities.

Their main takeaway from the trip was that their bullish thesis on the country was justified, China commodity demand would drive prices higher and they feel increasingly confident about their current $94 crude oil price target…

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