Oil forecasts from inexperienced staff should be treated with caution
Your editorial on North Sea oil was a fair one but unfortunately the forecasts made by the Centre for Public Policy for Regions (CPPR) are out there and they will affect the referendum vote ("Oil and viability of our economy", The Herald, December 22).
Your editorial on North Sea oil was a fair one but unfortunately the forecasts made by the Centre for Public Policy for Regions (CPPR) are out there and they will affect the referendum vote (\"Oil and viability of our economy\", The Herald, December 22).
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I have been following oil output and prices for a good few years and seen how wide of the mark so many experts have been when forecasting.
Over the last few weeks the guesses have been wider than usual. I have seen forecasts from the pro-shale voices in the US with extremely low forecasts and very high forecasts from others. However Statoil, Dana and others have put big money behind their forecasters.
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Oil forecasts from inexperienced staff should be treated with caution
Your editorial on North Sea oil was a fair one but unfortunately the forecasts made by the Centre for Public Policy for Regions (CPPR) are out there and they will affect the referendum vote ("Oil and viability of our economy", The Herald, December 22).
I have been following oil output and prices for a good few years and seen how wide of the mark so many experts have been when forecasting.
Over the last few weeks the guesses have been wider than usual. I have seen forecasts from the pro-shale voices in the US with extremely low forecasts and very high forecasts from others. However Statoil, Dana and others have put big money behind their forecasters.
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We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
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