may be to the extent of $45 a barrel. I do not understand the discussion but many of the commentors seem to like his analysis though many do not agree with his prediction Chris Cook: Naked Oil:
"History does not repeat itself, but it does rhyme, and my forecast is that the crude oil price will fall dramatically during the first half of 2012, possibly as low as $45 to $55 per barrel."
Housing and Oil:Dark Inventory Rules in 'The Automatic Earth'.
P.S.Why expect S&P, Moody’s, or Fitch to know it's junk when expert musicians can't tell a Stradivarius from a fiddle?