[10:57] <s`> 5,00ENERGY DEPT. SAYS CRUDE OIL WILL COST $57/BARREL IN 2030 [10:57] <s`> 5,00ENERGY DEPT. RAISES LONG-TERM OIL PRICE BY $21/BARREL [10:57] <s`> 5,00ENERGY DEPT. LOWERS FORECAST FOR GLOBAL OIL PRODUCTION
When was the last time their long term projections turned to be accurate? I mean we had government projections less then 10 years ago projecting long term price of 10$ or less for oil. I would like to know what was their projection in the early 1980s, probably very high. Now they are saying NG will go under 5$ while oil would stick to 54 on average and 57 by 2030. Great, letâs all short NG. Duh... Making 25 years price projections when there isnât consistent forecast for a year time frame is plainly moronic. But I bet those analyst are handsomely paid for their random forecasts.