given that most of them are junior bankers (that's with a 'B' )
What an unnecessary and denigrating post, riven with envy and Schadenfreude. Not all of them are "junior", many are not well-off, and most were not involved in this "CDO" malarkly that brought on the credit crisis.
I strongly recall www mentioning that "oil is a sideshow" long before it rose to $150, then fell - even if it was predicted to rise to $200, you miss the point that we were heading towards, and are now in a recession.
I hardly think it inconsistent both to predict the price of a good, and also claim the good is not the most relevant to the discussion - it is a separate point.
This thread serves a specific purpose: those who are uninformed and do not read the media - or perhaps do not realise is applicability to airlines - are the target audience. If you feel you know it all, or that the financial community are all wrong, then feel free to spend you cash or hold you view.