Oil Tanks One reality in the markets is that despite the best efforts of analysts and traders, no one ever knows with any degree of certainty what will happen to the price of an investment in the future. Oil exemplifies that premise right now. All year there has been a tremendous amount of discrepancy in predictions for oil prices with some commentators looking for prices of $10 a barrel and others expecting prices near $100. The median price predicted by analysts is around $46 a barrel for the end of 2016, but there is a lot of variation around that number. For instance, last year, noted economist A Gary Schilling suggested oil could fall to as little $10 a barrel. That proved to be a very prescient call – while oil hasn’t dipped quite that low, it did go down more than almost anyone expected versus last year. Even […]