<H4>Daniel Yergin, current crack smoker, former oil prognosticator</H4>

The June 18 Dallas Morning News had a news article on the likelihood of $60 per barrel oil, a story only modestly to moderately insightful to those who have read Peak Oil posts on this and other blogs.

But it did have this reference to a laugher comment from Daniel Yergin, author of “The Prize” and other books and articles on the world oil economy. (Apparently I missed his comment when he first made it.)

Daniel Yergin, a widely respected analyst and the chairman of Cambridge Energy Research Associates, predicted last month that prices would fall over the next two to three years, with $30 as a likely price floor.

Yeah, right. I’ll eat my hat and post a picture of it on my blog when that happens.

Update, June 23
That’s by far not the only time Yergin has made this claim recently.

Here he is again June 20, sounding like the Herbert Hoover of the oil supply world proclaiming that cheap oil is just around the corner.