Nothing Like Higher Oil Prices for Higher Oil Price Forecasts

From Bloomberg, a nice chart showing how the oil spot price influenced price forecasts this past year. ¬†You have to admire the non-courage of forecasters’ convictions.[-]

energy-forecasts.png

Related posts:

  1. Forecasts? We Don’t Need No Steenking Forecasts
  2. Africa and Higher Oil Prices
  3. Oil Forecasts for 2015: More Spread?
  4. Newsflash: Higher Gas Prices Mean People Drive Less
  5. Doing Something About the Weather, Part XXXIV