Yoshua wrote:The Etp Model isn't perfect...it's just the best model out there.
Yeah, just like the economic theories of the constantly wrong perennial fast crash doomers are "the best model out there".
Yeah, and just like for flat earthers, the flat model is "the best model out there".
Being ignorant, and consistently resistant to learning ANYTHING makes all your opinions just SO credible.
At least in the mind of ETPers.
When crude oil is priced near zero because the global economy is so bad that people can't afford to buy it or produce it by the end of 2021, be SURE and get back to use and regale us with the wisdom of the ETP's predictions.
Meanwhile in anything remotely approaching reality, WTI is over $40 in the middle of a global pandemic wreaking economic havoc (which ETP didn't predict, of course), and it's rising over time as the prognosis for things like effective tests, treatments, and vaccines improve over time -- and lo and behold, DEMAND for oil products increases as a consequence.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.