bertil

$25 Oil Could Happen Before a Return to $100

I wonder if we are soon making as much fun over the bloke who said oil is going to $25 as we now do to Picken's $150 or the GS analyst's $200/bbl?
At the same time everyone I read and hear say it is impossible to know the future of the price of oil. There are just too many variables. Then Isn't it highly irresponsible to throw out such "crying fire in a crowded theatre" pronouncements?

Oil Drops - But OPEC Looms

OPEC can cut production since demand is down and with the higher Dollar get the same or more value for their production.