Goldman Sachs made headlines with his prediction of oil as high as $200 a barrel. What does this mean? $6 a gallon at the pump.

Is this rapidly becoming a self-fulfilling prophecy?

The somewhat breathless coverage here reminds me of an old parable from the 90s. An analyst named Henry Blodget predicted in 1998 that Amazon.com stock would hit $400 (when it was currently trading at $250ish). In a frenzy, Amazon hit it within a month. Of course, it went on to collapse spectacularly in 2000. A decade later, Amazon's never returned to trading at that level...

I hope it means much greater investments in solar, wind and other clean, renewable forms of energy. If that's the case, the pain of these current high oil prices will be well worth it.

Thanks Joshua for comparing Oil with Amazon, you are the smartest

now we know why the economy is tanking.