14.9.07
Johannesburg - Supply worries pushed oil to a record high of $80 a barrel this week, adding fuel to Investec fund manager Tim Guinness' predictions that a "supply crunch" could result in oil prices hitting $150 a barrel by 2010
Somehow it seems hard to believe that just three years ago Deutsche Bank analysts were forecasting a 2010 oil price of $24 a barrel. What were they thinking?
Comment from Fritz: The DB forecast only shows what I have been saying for years now. It does make a lot more sense to read and believe in the opinions and statistics of people from ASPO (Campbell, Aleklett etc). It makes a lot more sense to listen to real experts with years of experiance in the oil sector, than listen to some so called expert, an economist who has no idea of oil at all. Unfortunately there are still many of these so called expert analyst out there.
http://www.busrep.co.za/index.php?fArticleId=5020649
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