“What The Hell Happened?!” Goldman Slashes Oil Target Amid Market “Madness”

Right, so if you were following along on Wednesday, you know that FGE Chairman Fereidun Fesharaki is about to have a nervous breakdown. Specifically, Fesharaki thinks maybe US shale producers are on a suicide mission to destroy the global crude market. US operators, Fesharaki said in a note dated earlier this week, are "effectively on a path to self-destruction" and they're "taking the industry down with them." It is, Fesharaki says, "close to madness [as] production is rising mindlessly