When so-called experts attempt to predict the price of oil later this year and early in 2018, these pundits, writing for such prestigious business publications as the Wall Street Journal, Barron’s, etc., tend to confuse those investors without appreciable background in the varied factors impacting on such critical numbers.
Using the prestige and influence of such publications, online commentaries and newsletters, these projections usually are made by columnists with varying degrees of understanding about the factors impacting such critical predictions. With both supply and demand having undergone critical changes in the past three years, the following has to be considered: