Back on May Day, when oil was about $120 per barrel, we speculated in Commodity Bubbles? Yeah, Probably, that the price could be $40 per barrel by year end. (We weren’t very specific about which kind of oil and when it was to be delivered, but such is life.)
We don’t keep track of all of our predictions–only the ones where we turned out to be right. For those, we continue our streak of being 100% correct, and we’ll continue to occasionally highlight them in posts.
On October 31, in… Read the rest
