I’ve been begging analysts to get real and take off those rose-colored glasses for months now. Their unwarranted optimism has resulted in two incredibly wrong-headed predictions.
Like a broken record, oil hit new highs today while the dollar reached new lows…
Eric Roseman sees oil prices trending lower. He says, “Oil belongs closer to US$75, not US$113 a barrel.”
Byron King says, “Everyone has to realize that this is something permanent, going forward. “Peak Oil” will not pass if we ignore it long enough. And no one can solve the problem just by bellyaching about the rising price for gasoline.”
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