Edward Harrison

Oil's Breakout Above 2009 High: Double Dip Indicator?

I have to disagree with your interpretation. Having read Arjun Murti's reports in the past, I know he never 'predicted $200 a barrel, but rather said it was a possibility, just as he had earlier suggested that $100 was a distinct possibility.

I consider a lot of the hubbub about Murti's call to be disinformation and I wrote a post about it back in June:

www.creditwritedowns.c...


On Aug 25 10:19 AM Maxe Paul wrote:

GS predicted $200 in 2008/9 from memory, so i would take the latest crystal ball figure as a contrary indicator.