"Peak Oil" -- And Other Ways Crude Oil Fooled Almost Everyone

Special report excerpted from two issues of Robert Prechter's Elliott Wave Theorist. Through real-world examples, learn what really moves the oil market so you won't be fooled by the next change in trend.

  • Format: Report
  • Price: $29.00 FREE

Why Oil Fooled Almost Everyone

Remember "Peak Oil"? About ten years ago, it was a hugely popular theory "explaining" why oil prices would only go higher. They didn't. These excerpts from Robert Prechter's Elliott Wave Theorist highlight the flaws in the conventional approach to forecasting oil prices -- and show you why oil fooled almost everyone.

You'll see examples of how mainstream economic forecasters extrapolate current conditions into the future. Compare that to Bob's method that uses Elliott wave analysis combined with sentiment measures to identify tradable extremes in the market.

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"Peak Oil" -- And Other Ways Crude Oil Fooled Almost Everyone

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"Peak Oil" -- And Other Ways Crude Oil Fooled Almost Everyone

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Meet Your Author

Robert Prechter

Robert Prechter

Robert Prechter began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist since 1979 and is the president of Elliott Wave International. He is also founder of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.