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THE 2017 po.com Oil Price Challenge

Discussions about the economic and financial ramifications of PEAK OIL

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Re: THE 2017 po.com Oil Price Challenge

Unread postby PeakOiler » Wed 15 Feb 2017, 14:48:17

The only change in the standings (as of 14-Feb.) and the Jan. 31 scorecard posted above is that dolanbaker and Observerbrb switched spots.
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Re: THE 2017 po.com Oil Price Challenge

Unread postby PeakOiler » Fri 24 Feb 2017, 10:53:07

A new high price for the year was reported Thursday, and I expect another new high price to be reported next week too.

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Re: THE 2017 po.com Oil Price Challenge

Unread postby onlooker » Fri 24 Feb 2017, 10:59:32

Is it loo late to vote?
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Re: THE 2017 po.com Oil Price Challenge

Unread postby vtsnowedin » Fri 24 Feb 2017, 11:44:20

onlooker wrote:Is it loo late to vote?

Yes it's too late. You can say who you think has the best chance of winning and why if you like. :)
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Re: THE 2017 po.com Oil Price Challenge

Unread postby onlooker » Fri 24 Feb 2017, 11:51:25

I like Careinke prediction
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Re: THE 2017 po.com Oil Price Challenge

Unread postby vtsnowedin » Fri 24 Feb 2017, 12:03:45

onlooker wrote:I like Careinke prediction

Getting down to his $23.33 low will take some doing but you can never know for sure. :)
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Re: THE 2017 po.com Oil Price Challenge

Unread postby onlooker » Fri 24 Feb 2017, 12:08:19

vtsnowedin wrote:
onlooker wrote:I like Careinke prediction

Getting down to his $23.33 low will take some doing but you can never know for sure. :)

If the Economy tanks, that could push the price way down
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Re: THE 2017 po.com Oil Price Challenge

Unread postby vtsnowedin » Fri 24 Feb 2017, 12:11:03

onlooker wrote:
vtsnowedin wrote:
onlooker wrote:I like Careinke prediction

Getting down to his $23.33 low will take some doing but you can never know for sure. :)

If the Economy tanks, that could push the price way down

The stock market is up 13 percent sense election day.
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Re: THE 2017 po.com Oil Price Challenge

Unread postby onlooker » Fri 24 Feb 2017, 12:15:08

VTsnowedin wrote:The stock market is up 13 percent sense election day.]

To borrow Alan Greenspan comment "irrational exuberance" haha
Last edited by Tanada on Fri 24 Feb 2017, 14:46:23, edited 1 time in total.
Reason: fixed broken quote
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Re: THE 2017 po.com Oil Price Challenge

Unread postby vtsnowedin » Fri 24 Feb 2017, 12:18:09

onlooker wrote:
VTsnowedin wrote:The stock market is up 13 percent sense election day.]

To borrow Alan Greenspan comment "irrational exuberance" haha

Yes they think Congress can actually pass a tax cut by August. The devils in the details and there are bills to pay so I give it only one chance in three of getting done.
Last edited by Tanada on Fri 24 Feb 2017, 14:46:59, edited 1 time in total.
Reason: fixed broken quote
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Re: THE 2017 po.com Oil Price Challenge

Unread postby dolanbaker » Fri 24 Feb 2017, 15:27:18

Either there is an error on the spreadsheet, or Pstarr & Careinke have identical predictions.
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
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Re: THE 2017 po.com Oil Price Challenge

Unread postby PeakOiler » Fri 24 Feb 2017, 18:14:45

dolanbaker wrote:Either there is an error on the spreadsheet, or Pstarr & Careinke have identical predictions.


There's no error. Go back and see what pstarr wrote on December 30th.
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Re: THE 2017 po.com Oil Price Challenge

Unread postby dolanbaker » Fri 24 Feb 2017, 18:52:23

PeakOiler wrote:
dolanbaker wrote:Either there is an error on the spreadsheet, or Pstarr & Careinke have identical predictions.


There's no error. Go back and see what pstarr wrote on December 30th.

Ah yes, I forgot about that "play". :oops:
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Re: THE 2017 po.com Oil Price Challenge

Unread postby SteinarN » Mon 27 Feb 2017, 10:11:38

onlooker,

feel free to make a prediction just for fun, I am curious to what your guess would be. But Peak Oiler will not include it in his spreadsheet.
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Re: THE 2017 po.com Oil Price Challenge

Unread postby PeakOiler » Thu 02 Mar 2017, 06:01:43

Another new high price was reported this week, barely:

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Re: THE 2017 po.com Oil Price Challenge

Unread postby SteinarN » Thu 02 Mar 2017, 09:18:53

Slowly creeping up. About two dollars a mont for the next half year, and then ease off a bit and we are set :)
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Re: THE 2017 po.com Oil Price Challenge

Unread postby vtsnowedin » Thu 09 Mar 2017, 07:58:51

$49.17 this morning headed down. I might hit my low guess today. :)
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Re: THE 2017 po.com Oil Price Challenge

Unread postby Cog » Thu 09 Mar 2017, 08:18:57

We need some drama to raise oil prices. Invented or otherwise.
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Re: THE 2017 po.com Oil Price Challenge

Unread postby pstarr » Thu 09 Mar 2017, 12:53:35

Cog wrote:We need some drama to raise oil prices. Invented or otherwise.

GW did it last time when he invaded Iraq. Maybe Trump can gin up some more trouble in Yemen? Then we can invade Saudi Arabia.

After all its really SA's fault your portfolio sucks. Its production cut was BS. It was a production failure.
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Re: THE 2017 po.com Oil Price Challenge

Unread postby onlooker » Thu 09 Mar 2017, 13:03:44

pstarr wrote:
Cog wrote:We need some drama to raise oil prices. Invented or otherwise.

GW did it last time when he invaded Iraq. Maybe Trump can gin up some more trouble in Yemen? Then we can invade Saudi Arabia.

After all its really SA's fault your portfolio sucks. Its production cut was BS. It was a production failure.

Yes, stage a black swan event and create artificial scarcity to raise the oil price. What do you accomplish in the grand scheme of things. Zilch :P
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