ClaimsJeremy Grantham

“It will soon run off and show the underlying implacable rising costs of finding ever-diminishing pools of new oil.”

Jeremy Grantham, GMO co-founder January 2016 1Q 2016 GMO Quarterly Letter: Keeping the Faith (GMO via investmentofficer.nl)

Prediction Economics and markets

U.S. fracking oil will soon run off, revealing rising costs of finding ever-diminishing new oil pools.

Unresolvable The public record could not settle it.

Prediction: Statements about events outside the person's control, checked once they fell due: did they come true?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

'Soon' is undefined, and the claim bundles vague outcomes with no horizon.

Cite this claim

Jeremy Grantham, “U.S. fracking oil will soon run off, revealing rising costs of finding ever-diminishing new oil pools.” (said January 2016). Verdict: unresolvable. Reliability API, claim c_10dd65a2ca99, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_10dd65a2ca99

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Jeremy Grantham, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More prediction claims by Jeremy Grantham

  1. Resolved false Prediction January 2023
    “we can conclude that the final low for this market might be well into 2024.”

    The final low of this bear market might come well into 2024.

  2. Mixed Prediction January 2023
    “near certainty it was a year ago, is much more likely than not.”

    A continued market decline of at least substantial proportions is much more likely than not.

  3. Mostly false Prediction January 2023
    “after a bloodbath is not unusual and may very well not outlive January.”

    The January 2023 rally may well not outlive January.

  4. Mostly true Prediction January 2023
    “may help to support the market for a few more months.”

    The Presidential Cycle's positive influence may help support the market for a few more months.

  5. Resolved true Prediction 31 August 2022
    “Each cycle is different and unique—but every historical parallel suggests that the worst is yet to come.”

    Grantham says historical parallels suggest the worst of the current market downturn is still to come.

All of them

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