$70 Oil and Throttling “Back Down to Zero”

For a few weeks we’ve been hearing rumblings in the news of $65-$75 a barrel for West Texas Intermediate. We just read an article this morning about how Goldman Sachs has forecasted a WTI price of $70 for early next year, with the price increasing back to $80 by 2016...

Improbable Probabilities

Whenever we facilitate or participate in an FMEA or a project risk assessment on behalf of our clients, we encourage discussion about the probability scale being used. Teams have difficulty reconciling their qualitative and quantitative estimates. For instance, if a...