Robert Prechter Predicts Oil Will Drop Below $10

By on August 15, 2009

In the coming decade, Robert Prechter predicts oil prices will crash to between $4 and $10 a barrel due to a supercycle based on Elliott Wave Theory.

SMA Comment: If you want some attention, make the predictions as outlandish as possible.

Source:

http://www.businessinsider.com/prechter-oil-with-fall-to-10-a-barrel-in-the-next-decade-2009-8
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One Comment

  1. itzmymoney

    August 18, 2009 at 10:48 pm

    NEVER see $10 a barrel!
    No one would drill for that price

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