BreakingStockPicks.com

May 31, 2011 08:45 ET

Goldman Sachs, Morgan Stanley, and J.P. Morgan all Predict Higher Oil Prices; dPollution International Answers The Demand for Lower Demand

dPollution Intl (RMGX) Has a Possible Solution for Where Gas Prices Go if Goldman Sachs (GS), Morgan Stanley (MOR), and J.P. Morgan (JPM) Are Right

LAS VEGAS, NEVADA--(Marketwire - May 31, 2011) -

Gasoline Prices: The price of oil did dip somewhat Monday on a stronger US dollar, but that's temporary if you're to believe Wall Street heavyweights Goldman Sachs (GS), Morgan Stanley (MOR), and J.P. Morgan (JPM).

Goldman Sachs said last week that West Texas Intermediate crude, the US benchmark, will hit $135 per barrel by the end of 2012. Morgan Stanley said Brent will average $120 per barrel in six months, and J.P. Morgan thinks Brent will be $130 per barrel in the third quarter.

Oil is down about 12 per cent for the month and US pump prices dropped about three per cent, now at $3.80 per gallon. That doesn't go far to alleviate the fact that gas prices are about $1.00 more per gallon than one year ago. If oil does what the big boys say it will, gasoline would rise to around $4.20 per gallon.

Fuel Technology

dPollution International (RMGX) recently announced positive test results for its fuel efficiency technology conducted by the Italian army, as part of trials for possible sales to European armed forces. The company is moving ahead to conduct further testing with NATO battlefield vehicles, hoping to make good on their claim of major mileage improvements.

The company's flagship product improves engine performance by causing fuel to burn more efficiently in the combustion chamber. The technology works on all closed-combustion gas and diesel engines.

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