Okay, this is Nuts

[Uccmal]

Some much for expert predictions:

 

http://www.bloomberg.com/news/articles/2015-04-29/these-titans-of-oil-are-experts-at-making-bold-predictions

[AzCactus]

Isn't there a quote that goes like a market forecast tells you more about the forecaster than the market. 

[Liberty]

It's good to see Bloomberg doing this. The media so rarely calls out the forecasters.  Everybody usually has a goldfish memory.

[Pelagic]

It almost seems like if you're a run of the mill analyst for oil or some other commodity there is a lot of incentive to toss out an estimate that is vastly different from the "consensus". Heck you might be wrong 9/10 but if you're right once you're that guy who called the oil collapse correctly. It's funny how little deviation there was in analyst predictions in that first graph they show.

[Travis Wiedower]

It's good to see Bloomberg doing this. The media so rarely calls out the forecasters.  Everybody usually has a goldfish memory.

 

+1. Recently I read two separate articles about the 2015 price of oil--one predicted $20 and one predicted $120. And both had perfectly logical assumptions. Exactly why I've been working on avoiding this type of stuff altogether, no one knows.

[netnet]

It's good to see Bloomberg doing this. The media so rarely calls out the forecasters.  Everybody usually has a goldfish memory.

 

More like filleted fish memory--It's either old, stinky and quickly discarded or fried and gone. 8)