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Efficient my ass

I suck at investing.  I'm really bad at it.  Nonetheless, one thing I'm seeing which makes no sense whatsoever is the price of oil.  I'm reading a bunch of articles talking about how oil is going to remain at a $50 price point for the foreseeable future, down from it's $115 high in 2014. WTF!  Think about that for a second.  ONE year ago the price was $115 and now it's less than half of that and nobody saw it coming.  Really?  How on earth could people predict that it will stay at $50 when just one year ago the smart money was pricing it at more than double.  It's not like oil is a new commodity nor a hidden one.  How could people have been so wrong then and be so assured that they are so right now.  It doesn't make any sense.  



This post first appeared on New Liberal Democrat, please read the originial post: here

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Efficient my ass

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