Predicting the weather at year end is likely to be more accurate than predicting the price of oil 12 months from now. Considering the "survey of 30 or 33 analysts" statement: What was their range of predictions and individual margin of error? and what's been their track record in their past predicting anything 12 months out?Taleb (The Black Swan) would have a field day with those predictions.
And You Think Today's Gas Prices Are High? [View article]
We were much less dependent upon cars and other vehicles back in the 30s so the comparison is meaningless. In fact go back about 100 years and we might see how cheap today's light bulbs are in comparison - and so on.
And You Think Today's Gas Prices Are High? [View article]
We were much less dependent upon cars and other vehicles back in the 30s so the comparison is meaningless. In fact go back about 100 years and we might see how cheap today's light bulbs are in comparison - and so on.
And You Think Today's Gas Prices Are High? [View article]
We were much less dependent upon cars and other vehicles back in the 30s so the comparison is meaningless. In fact go back about 100 years and we might see how cheap today's light bulbs are in comparison - and so on.
Where Will Oil End 2009? [View article]
And You Think Today's Gas Prices Are High? [View article]
And You Think Today's Gas Prices Are High? [View article]
And You Think Today's Gas Prices Are High? [View article]