By: Andrew_Butter

This is an update on a long-term oil price forecasting model developed in early 2008 first posted in April 2009 as “The Impending Mother of All Oil Shocks” which was updated in December 2010 and posted as “Crude Oil Price Ten Year Forecast to 2020”.
http://www.marketoracle.co.uk/Article24849.html
http://www.marketoracle.co.uk/Article10260.html

Comments
Reference the current drama, in 2011 the model said:
1:            Brent at $125 was a bubble
2:            Bubbles pop
3:            Whenever the bubble popped the price would halve 

In 2011 the model predicted the forthcoming crash would bring Brent down to $67 which was out by 30%...or more – Brent today is $50. That doesn’t prove

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The two largest power producers, RWE AG and EON SE, are especially keen to sell their gas-fired plants, rendered uncompetitive by the rise of renewable energy on the one hand and record low coal prices on the other. It’s a relatively easy task to take them apart, move them by truck and ship and reassemble them elsewhere.

Sometimes people will buy whole plants, at others the key components. The giant power-generating turbines that lie at the heart of the station cost

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