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Showing posts with label oil price projections. Show all posts
Showing posts with label oil price projections. Show all posts

Thursday, July 14, 2011

Even more pain at the pump this year

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I am usually loathe to predict what oil prices will do, certainly in the long term. As Yogi Berra famously said "it's hard to make predictions, especially about the future". But some pretty compelling evidence suggests another substantial upward tick in the oil price is coming in the second half of this year - on top of the already damaging current oil price shock.

Friday, June 3, 2011

New Zealand Government's Oil Price Projections - A Bad Joke?

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The Ministry of Economic Developments oil price estimates are a very bad joke. It is a joke on all of us however, as their grossly optimistic projections underpin government policy not just for energy but for the broader economy.