RE:RE:Potential Oil Prices?from Paray's comment..."The logic here is that none of the analysts knows what is going to happen exactly.."
absolutely correct, whenever I hear commodity predictions, always think back to 2008 when these talking heads predicts oil to be over $200 and yet less than a year later it was below $40.
Yes of course I realize the financial crisis had something to do with that but even after that mess was sorted out, oil never got there.
By the way the same analysts who were predicting the $200 oil, changed their tunes and called for oil to collapse...... after it started to sink
The point being, as Paray stated, none of these guys can predict what's coming around the corner, there's always a black swan event