Should oil’s acquaintance be forgot and never brought to mind?
ByAlex Russell and Peter Strachan
Brent crude has slumped to $38 a barrel
Who would be an economist?
At an event in Aberdeen on 8 October 2015 a senior economist for the Bank of Scotland boldly predicted that by the end of 2015 the price of a barrel of Brent crude would hit the giddy heights of $60. He was not alone in stating such views.
Alas, as we approach the close of the year, we have seen Brent crude slump to $38 a barrel, a mere 37% shy of the above predicted price.
For the full story, visit our sister website, Energy Voice.
Should oil’s acquaintance be forgot and never brought to mind?
