The End of $100 Oil? Goldman Sachs Says Era of High Prices May Be Over

Goldman Sachs’ latest report suggests the days of triple-digit oil may be gone for good, thanks to structural shifts in energy markets.

5 Reasons Oil Won’t Rebound Soon:

1. Demand Destruction: EVs cutting gasoline use
2. U.S. Shale Resilience: Production still rising
3. OPEC Losing Control: Members cheating on quotas
4. Alternative Energy Boom: Solar/wind eating into demand
5. Economic Fragility: Trade wars slowing growth

Goldman’s Long-Term View:

• 2026-2030 Avg.: $70-$85 range
• Peak Demand by 2029
• Biggest Losers: High-cost producers