[salinsky]

PeakOiler Did you see my above comment regarding ROCKMAN and our guesses?
I'm glad to see I still hold first place.
SAL

[PeakOiler]

PeakOiler Did you see my above comment regarding ROCKMAN and our guesses?
I'm glad to see I still hold first place.
SAL

Yes I did, but when you posted that message, I hadn't downloaded the EIA data through Oct. 31st yet.
Looks like you were closer. Your guess was off by $1.29 and my guess was off by $2.28.

I don't expect ROCKMAN to respond. What would you expect him to say?

[salinsky]

ROCKMAN issued the challenge, so I would expect him to make some kind of response. He'd probably say something like: "You guessers sure don't know your arse hole from a dry hole,LOL. At a $1.25 X 19 billion bbls we're talking mucho f*cking dinero partner LOL. Better luck next time.

[PeakOiler]

Well, it looks like my guess for the closing price by the end of October was off by just a few days, Salinsky. And your answer above to my question about ROCKMAN did make me lol.

Can prices rise about 22% by the end of the year? That's about what needs to happen for me to have any chance of leading the Challenge this year.

[salinsky]

I expect ROCKMAN to respond at some point unless he's just another asshole from El Paso. Now that I think on it some, believe I done heard he's from down Houston way.

[PeakOiler]

This week's scorecard:



Salinski's lead shrunk to only $1.76 with the current closing price ($44.88) and new average price. A closing price of $44 would put EdwinSm back in first.

[salinsky]

Have you got an update on the latest standings?
SAL

[PeakOiler]

I've been busy with other things...

Here's the scorecard as of November 14th:



Don't fret Sal, the closing price has risen up to about $45 since the 14th and you're back in 1st place.

I'm starting to think that the price will NOT rally this year to around $55.

[salinsky]

Thanks for the update. It appears that oil will go no higher than the low 50s.
SAL

[EdwinSm]

Don't fret Sal, the closing price has risen up to about $45 since the 14th and you're back in 1st place.

Shame. I don't even get a week to bask in "my superior knowledge of the markets" before my place is lost.

Every year my guesses are based mostly on BAU (ie continuing of the path the oil price has taken in the preceding year), and mostly I end up near the bottom of the game. Lesson learned:- how oil prices have behaved this year is a very poor indicator for how they will behave next year (but occasionally they will misbehave and the model will be spot on).

[Cog]

Oil price is coming up nicely today.

[PeakOiler]

Here's this week's scorecard:



I'll start the 2017 Oil Price Challenge thread in a few days.

[SteinarN]

I'll start the 2017 Oil Price Challenge thread in a few days.

This year I wont miss it, so, prepare

[Pops]

[Every year my guesses are based mostly on BAU

this time I pretty well used the EIA projection and did better than I have in a long time

They've sure gotten smarter

LOL

[Cog]

Oil markets going nuts on the belief that OPEC will reach an agreement in Vienna to cut production. They are expected to make a press statement at 0900 Eastern today. Bought some BP stock yesterday in hopes this would happen. Lets see if Cog is going to get boned.

[PeakOiler]

If the closing price stays at about $51.60 (or more) on Monday, then GASMON will be in first place!

[careinke]

Yippee !!

Do you all want to know my predictions re Donald Trump & Brexit !!!!!!!!!!!!!!!!!!!!!!

Gasmon

I do, I do!!!

[Quinny]

I've worked out the best way to prove the ETP wrong would be for me to use it to predict next years PO.com price challenge.