Petrol at €1.50 disproves Turiel's doomsday forecast
Antonio Turiel predicted €3 petrol by Easter; today it stands at €1.50. His credibility is collapsing while the debate over strategic reserves resurfaces.
English · Original discussion in Spanish · Published
Petrol at €1.50 dismantles Turiel's apocalyptic scenario
On 2 July, the price of petrol in Spain stood at €1.50 per litre. Far from the €3 that Antonio Turiel forecast for Easter in his appearance on 'Esto no te lo cuenta el Telediario'. The prediction, which warned of rationing and collapse, has vanished against the real data.
Turiel's credibility at rock bottom
The analyst, known for his peak oil theses, was already facing doubts after the Strait of Hormuz episode. Some sectors consider his forecasts systematically alarmist and believe he has got it wrong yet again. Others, however, argue that the real risk lies not in the current price but in the management of strategic reserves.
Strategic reserves: the hidden debate
While some warn that drawing on strategic reserves could lead to rationing, energy sector sources insist Spain is not tapping into them. "We start with the operational ones and we'll see about the strategic ones," they say. A Hormuz closure still looms on the horizon, but for now supply holds steady.
Another failed prediction
For now, petrol remains at €1.50 and rationing has not arrived. Turiel, like so many others, got it wrong again. The question is whether anyone will still pay attention next time. Meanwhile, the market carries on and drivers fill up their tanks without a worry.
On 2 July, the price of petrol in Spain stood at €1.50 per litre. Far from the €3 that Antonio Turiel forecast for Easter in his appearance on 'Esto no te lo cuenta el Telediario'. The prediction, which warned of rationing and collapse, has vanished against the real data.
Turiel's credibility at rock bottom
The analyst, known for his peak oil theses, was already facing doubts after the Strait of Hormuz episode. Some sectors consider his forecasts systematically alarmist and believe he has got it wrong yet again. Others, however, argue that the real risk lies not in the current price but in the management of strategic reserves.
Strategic reserves: the hidden debate
While some warn that drawing on strategic reserves could lead to rationing, energy sector sources insist Spain is not tapping into them. "We start with the operational ones and we'll see about the strategic ones," they say. A Hormuz closure still looms on the horizon, but for now supply holds steady.
Another failed prediction
For now, petrol remains at €1.50 and rationing has not arrived. Turiel, like so many others, got it wrong again. The question is whether anyone will still pay attention next time. Meanwhile, the market carries on and drivers fill up their tanks without a worry.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (23 replies).
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