I was reading up on the ever-worrying news about the economical turmoil that is on-going around the world as a result of the dropping oil prices and according To Michael Lynch, a Guest Contributor to Forbes Magazine Online , the real cause of the chaotic situation the financial world has found itself in is because too many Market Analysts are doing nothing but guessing how the market will look like tomorrow. According to him, "Listening to the cacophony of pundits and their prognostications can make it seem as if they are making random guesses, and that is more or less the case for many predictions. The bulk of economists and industry executives appearing on cable news or in print are just tossing out numbers that they believe have some potential of proving valid. Why? Because people care about prices."

A simple Google Search today indicates that almost all economic analysts and forecasters on oil have been getting their forecasts wrong. Billions of dollars are being lost due to wrong forecasts. In an article written by Ihechukwu Njoku for NigeriaFilms in December, 2014, the writer made claims that T.B. Joshua had long ago predicted the drop in oil prices worldwide. According to him, TB Joshua said “Whatever your country has discovered in terms of mineral resources which has been a source of income - causing corruption and fights, people living flamboyantly – those things, nobody will buy them. The price will drop drastically because all other countries have discovered their own,” he continued. “Nobody to buy them; you will drink them.”

Does this mean that TB Joshua has remained the sole truthful forecaster whose "predictions" on the commodity.

Source:
http://www.forbes.com/sites/michaellynch/2016/02/01/the-science-or-art-of-forecasting-oil-prices/2/#75629e426d78
http://www.nigeriafilms.com/news/30462/64/did-tb-joshua-predict-the-nigerian-oil-price-drop.html