Sunday, January 3, 2010

Crudewire Named Most Accurate for 2010 ETC

Just for a laugh I poked a little fun at a Bloomberg piece back on Dec 21. 
Crudewire.com Named Most Accurate Forecaster for 2010  
"Oil is set to decline as growth in China and India pauses in the face of consumer exhaustion, while the Organization of Petroleum Exporting Countries continues cheating on output, Bishop said."

and so
OPEC Output Rose in December, Bloomberg Survey Shows (Update2)
Dec. 31 (Bloomberg) -- The Organization of Petroleum Exporting Countries increased crude-oil production in December to the highest level in a year as members took advantage of rising prices, a Bloomberg News survey showed.
Output averaged 28.965 million barrels a day this month, up 65,000 barrels from November, according to the survey of oil companies, producers and analysts. The 11 countries with quotas, all except Iraq, pumped 26.615 million barrels a day, 1.77 million above their target. All members exceeded their production goals.

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