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I'm trying to educate myself on the BMW method by reading the board messages from the beginning. (I just posted a reply to a message before I realized that it was from 2004. I've asked that it be removed to salvage my pride. This 'reply' to a message from 2004 is intentional.)

This was submitted by The Man himself in April 2004:

"Breaking News from" - I was just sent this headline:

"Report: Oil Will Cost $51/barrel by 2025

WASHINGTON -- Crude oil prices will increase gradually and reach $51 a barrel by 2025 due to inflation and rising energy needs in developing nations, according to an Energy Department projection..."

Not sure what to make of this. Perhaps one lesson might be to develop a healthy sense of skepticism about long-term projections. BMW's response was to note that it wasn't a big deal but he didn't question the validity. Anyway, I enjoyed this glimpse into the mindset toward oil prices in 2004.
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