My predictions for 2010, revisited

December 13, 2010 at 11:33 am
Contributed by: Chris

Last October, at the 2009 ASPO peak oil conference, I was hanging out with a posse of fellow energy analysts and investors at the bar late in the evening. The conference organizer came by with a video camera and asked each of us to pretend it was late 2010, and offer our observations on the year. Here was mine–all in all, not bad!

I’m particularly pleased that I nailed the price band for oil, predicting that it would remain in the $70-90 range. Here’s the proof:

2010 NYMEX Crude Oil Prices

I offered some additional predictions for 2010 and beyond in these two articles, written in December 2009:

Investment Themes for the Next Decade

Energy Outlook for the Next Decade, Part 2

1 Comment

  1. Chris, you NAILED it. Not just oil, but the stock market, the dollar, the rebound in China…and people being surprised about it all.

    To paraphrase a saying “Never make predictions. Particularly about the future.” With the new corollary “Unless you’re Chris Nelder making a prediction about the macro economy 12 months hence.”

    Nice job.

    Comment by Craig Wichner — December 13, 2010 @ 1:00 pm

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