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

