2 thoughts on “Oil – going up”

  1. This all hangs together as good sense. But I always keep at the back of my mind Robert Mabro’s dictum, at an Oxford International Energy Seminar, that when all oil analysts agree, you know they will shortly be proved wrong!

    1. Alastair Newton

      Robin Lamb is, of course, spot on in his comment. I am not an oil expert (as I acknowledge in the article); but I have frequently responded when asked what my forecast for the price of Brent at the end of the year to the effect that it is “wrong”! However, I have carefully avoided forecasting a price for exactly this reason, thereby at least reducing the risk of being proved wrong in this particular instance. But not, of course, negating that risk by any means!

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