A few days ago we predicted oil prices are set to rise exponentially.
We were wrong – the oil price just fell – but if we were warmists, we’d claim our predictive failure was “just a blip”, and the trend will reassert itself in due course…
Oil prices slid Thursday, extending their retreat in the previous session driven by data that showed demand for petroleum products is waning in the face of record high prices.
The U.S. Energy Information Administration’s weekly inventory report said Wednesday that overall consumption of oil and its products fell 3.2 percent over the last four weeks compared with the same period last year. Demand for gasoline fell 1 percent during the same period.
…until the temperature obviously and unambiguously turns up again, this kind of stuff is going to continue.
Yup – it’s also true that until objects obviously and unambiguously start to fall upwards, stuff supporting the theory of gravitation is going to continue.