Hi jan,
We must understand that the political and commercial world are fluid and are forever and continually changing.
Politicians and CEO's are paid to not only plan out the future for their company (country) but also to justify why.
If the global economical crisis had not happened, then the reports about Russia and Indonesia would be the mainstream news' justification for lowering oil prices. As it happens, the US made it easy for the oil go-betweens to justify the drop in the price, they didn't even need to mention Russia nor Indonesia. They can keep that under their hat for another day. Even if they did, it wouldn't matter as there is not enough space in the news time to report about such thing while the presidential elections were being held and immediately afterwards banks and car manufacturers are all scrambling to get the billion dollar handouts. After all, what is more interesting for Joe Public, Sarah Palin not knowing that Africa was a continent and Ford execs. flying in on private jets to get billion dollar handouts or another oil well found in Siberia?
Also remember that a professional in the oil industry is not necessarily a prophet of worldly events, they will just know things within their industry.
That not only goes for this guy, but any other so called 'whistleblower'.
If any of them start talking about subjects other from their 'speciality', the information is very probably not theirs, they are only copying from other sources and / are adding to their own information to make a better educated guess.
It's not necessarily the how's and why's that are important. What is important is the end game. That's politics for you.
Best regards,
Steve
Quote:
Originally Posted by jan
Prediction was:
Indonesia & Russia announce new uber reserves => price of oil drops.
Prediction is false though conclusion is right.
|