Forecasting commodity prices is 'incredibly hard and incredibly humbling'; historical example: in the 1990s, energy industry forecasters projected natural gas prices at $2-3/MMBTU 'as far as the eye could see', but within two decades prices spiked to nearly $15/MMBTU, proving that forecasts of 'as far as the eye can see' are unreliable.
factualpending
Speaker
John LoadraEvidence Quote
“Forecasting prices is incredibly hard and incredibly humbling...we were projecting natural gas prices at $2 to $3 a million BTU...it went up to close to $15.”
Source
Oil To Collapse To $30/Barrel After Iran War Ends? | Doomberg— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 6:44:02 PM
My Notes
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