Raw Greed

Analysts Flip-Flop on Oil Again

“I don’t think there’s anything they [OPEC] can say at this point,” said analyst Stephen Schork, who doesn’t expect a sustained rally in oil prices during the first half of this year.

“They didn’t have control of oil prices when it was on the way up,” he said. “They don’t have control of it when it’s on the way down.”

Edit this line: "It’s amazing how different the oil tune sounds from analysts." to

While I'm not familiar with Stephen Schork's historical view on crude oil, may analysts have rapidly switched their views on oil to echo the sentiments of the quote above.

Analysts Flip-Flop on Oil Again

Fair enough, Schork's opinion's in 2008 contradicted many of his peers. His comments in the Yahoo! article are now echoed by a large group of energy analysts that previously sided on demand driving crude oil prices. I would be interested to see what Schork's opinions were once oil broke $80.