OPINION

Slugcatcher and an early forecast of a 2024 oil glut

THE oil price is up, and the glut is shrinking, but with the aid of a crystal ball Slugcatcher reckons he can see through today’s good news to the next glut sometime around 2024, caused by a re-run of exactly the same conditions that delivered the big bust of 2014.

Slugcatcher
Slugcatcher and an early forecast of a 2024 oil glut

Unlike the President of the US that prediction does not come with a claim of genius, firstly because no-one ever believes anyone who says he is a genius, and secondly because most commodities follow a...

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