WoodMac: Oil Prices Could Drop To $10 In 2050

So they know what the oil price is going to be in 2050. Impressive – but how many in 2050 will be around to remind them of their sterling prediction? 2050 is 29 years from now. The average executive that in his 50ies right now would be in his 80ies then. Long after retirement. This means that those making the call don’t give a hoo about oil price levels in 2050. They just want to spout off their opinions – masquerading as data.

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