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Sunday, May 2, 2010

Oil Analysts -- It Ain't Easy

Just for the fun of it, I keep this "reminder" on my Yahoo!Calendar (it pops up every month):

http://www.latimes.com/business/la-fi-oil4-2009jul04,0,311438.story

Philip K. Verleger Jr., an expert on energy markets at the University of Calgary in Canada, says oil will drop to $20/barrel by end of year (2009) due to huge glut of oil in supertankers being stored, etc. $40 first, then down to $20.