The forecast price of oil

Further to my views on Alex Gallagher’s claim that the SNP should apologise for getting the price of oil wrong, the following diagram, giving the forecasts of various luminaries such as the World Bank, OECD, IMF etc, shows that a lot more people should be apologising. Only one of the estimates is even anywhere like the current price, and that is EIA’s “low estimate”, while their high estimate would have it up at $100 more than it actually is today. Even a cursory glance shows that the dominant view was somewhere around $100.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s