I stumbled on Memo on the Margin while doing some research on historic oil price trends. The perspective I've gained here has paid dividends on the job. I've begun lobbying for us to become a client. Anyway, I do appreciate the discussions here. The agency was wrong by 300,000 barrels.
Gold is the exception.
Its future price is always higher the further out you go. The other important point made was about an idea of going gold long and oil short. Once these temporary events surrounding errors by the Fed, by agencies predicting oil supplies, and Y2K realities are worked out, the price of gold will be higher and the price of oil will be lower. Guessing when to make that bet is the kind of thing Polyconomics does for its paying clients. Hopefully, your company will sign up soon, Todd.