Quote:
Originally Posted by polak
I get access to a lot of these forecasts at work. They're all garbage. Don't get me wrong, the reasoning these guys present seems to always make sense but it's all a completely fruitless exercise.
I haven't seen one that forecasts that this is the new norm but I think that's what I would believe the most.
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Yeah that's the thing. A lot of these forecasts need to also include a disclaimer saying "If nothing changes then our forecast is valid".
Thing is.... There is always something that changes.
I doubt this is the new norm though, but I also doubt we'll ever see 100 oil again.