3) Take whatever any big investment bank says with a huge grain of salt. during the latest global meltdown caused by their derivatives monster these investment banks were privately betting their own CDO products were going to fail while publicly flogging them as AAA investments. They knew they were garbage, they actively bet against them…but said nothing about it to their own clients who were buy them from them. In congressional testimony later they were asked if they felt any duty to tell their clients that what they said publicly about their own products they didn’t believe privately and actually bet big money against them…and all said they didn’t think they needed to tell clients this. So who knows what Goldman is really thinking about oil or where they are putting their own money relative to their public pronouncements. Buyer beware.