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Friday, October 23, 2009
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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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More on China and resources:

These two countries could send gold $200 higher in a hurry

China angling for absolutely huge amount of African oil

China makes another HUGE energy investment

Topics: China | Energy | Goldman Sachs
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