Predicting oil price involves many uncertain components

Predicting Oil Price Involves Many Uncertain Components

by Alex Mills

Accurately predicting the price of crude oil, gasoline and other petroleum products is like wandering through a dark, strange room trying to find the light switch. An economics professor once jokingly commented forecasters who rely heavily on the use of a crystal ball to predict the future price of oil…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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