Friday, December 19, 2008

Media prognosticators get a failing grade

The Business and Media Institute analyzes what many have suspected for a long time - Drive-by talking heads are gas bags.

Pumped Up Predictions
Gas and oil prices have collapsed despite media predictions they would both spike much higher. In more than 500 oil and gas stories one thing is obvious – you are better off flipping a coin than relying on media price predictions which are wrong nearly two-thirds of the time.