| The past few years have greatly encouraged those who consider oil price forecasters to be little more than astrologers (on a good day), but there are some basic lessons that tend to be overlooked amidst all the noise and confusion.
It doesn’t help that today’s news cycle requires constant commentary on oil price movements, as well as predictions short- and long-term, nor that free publicity is available, particularly to those willing to make the most extreme predictions. In fact, a most reasonable forecast can garner attention if the possibility of an extreme movement is included—and it will get the attention...............................................Full Article: Source
|