Interesting read from Rediff: http://www.rediff.com/money/2008/jun/02mrv.htm

Why would a brokerage firm such as Goldman sachs dole out a free bee analysis to the world, instead of privately telling its own clients for a fee to take long positions in oil ?
Goldman sachs didn’t share its inside information on subprime fallout few years ago? It privately shorted exotic derivatives and banks that were heavily immersed in subprime mess. It may have also shared this information with all its fee paying clients to make money out of americans misery.

I bet Goldman sachs is on the wrong side in Oil trade and hence the free super spike analysis. This is the best indicator that Oil is peaked and is on a downward trend.

Oil may go up based soley on dollar weakness and not on demand. American demand for OIL is more than that of combined demand of China( one third) and India (one eigth). So emerging countries are not responsible for spike in Oil prices. Also OPEC countries should accept basket of currencies for their oil as Dollar may loose its sheen and may be worthless in future.
If, OPEC countries keep on increasing price of OIL, their imports may cost more as food grain producing countries may not export them at all. This may force OPEC countries do barter trade
food for oil, services for oil, metals for OIL type trades instead of dollars for oil.
OPEC countries are piling dollars which may not buy much for them in future.