Can anyone here tell me what the energy industry thinks of Dr. Kent Moors of Duquesne University? Specifically: how is he regarded by crude oil traders?
I ask because he's increasingly on Fox News preaching visions of doom and gloom. All fine and well. Sometimes, as in the case of Meredith Whitney, someone goes public with something that everyone else doesn't want to see. In my own case, I'm inclined to write him off as the same type of infotainer that Glenn Beck was: he's got his 15 minutes of fame, and he's cashing in on it.
He's apparently hawking some company to his followers that is projecting 1,000%+ returns in a futures linked product, and has gone on the record with a forecast of oil hitting $200 per barrel by July 1. Despite his impressive academic credentials, I'm calling bullshit on this guy.
I'm not in the energy industry, so I'm curious: What do you think?