With WTI currently sitting just shy of $50/bbl, it’s time to ask, why Hall and I got the oil-price bounce-back right, but were too bullish on the trajectory of prices? To answer the question, I recently re-ran (read: re-calibrated) my oil-gold ratio model.
from Forbes Real Time http://www.forbes.com/sites/stevehanke/2017/07/31/is-the-oil-god-andy-hall-dead/
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