How Accurate are Long-Term Government Oil Forecasts, Can we Trust them?
[I]f
you're still operating under the assumption that the earth's
petroleum--or at least the cheap stuff--is about to run out, you're not
going to thrive in the new oil era. Technology is making it possible to
find, produce, and refine oil so efficiently that its supply, at least
for practical purposes, is basically unlimited.--Businessweek, December
14, 1998The writer of the above sentences was reacting to oil prices
hovering around $11 a barrel. He could not have known then that we were
about to embark on a bull market that would take oil to…Read more...http://oilprice.com/Energy/Crude-Oil/How-Accurate-are-Long-Term-Government-Oil-Forecasts-Can-we-Trust-them.html
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