Saturday, October 25, 2008

Oil could go up, or down, a lot

When an analyst mentions that a crash, or boom, 'may' or 'could' occur, you can be sure this is someone who is pretty worthless in giving information, however popular. Thus, in Time magazine:
Several oil analysts — who predicted earlier this year that oil would reach $200 by year's end — have recently said that oil could drop to $50 a barrel.

Agreed. Prices can do a lot things, especially in the future.

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