The 2008 PO.com Oil Price Challenge (Sept 3)

sparky · Heavy Crude Joined: Apr 09, 2007 Posts: 120

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74 days in the year and I persist and sign ,

Hight 167$

Low 89 $

closing 160$

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pup55 · Expert Joined: May 26, 2004 Posts: 3597

sparky · Heavy Crude Joined: Apr 09, 2007 Posts: 120

PUP55
" Since sparky turned in his or her guesses late, he or she will only get 3/4 of the respect or admiration that everyone else does if they win. "

Nope , Smile

I logged my Tip on the 28 of December ,

PostPosted: Sat Dec 29, 2007 10:58 am Post subject: Re: The 2008 PO.com Oil Price Challenge

Hight 167$ Low 89 $ closing 160$

I was simply pointing out that one fifth of the year in , I was feeling comfortable with my initial price range

a good indicator of price is also ( but they seems to update numbers at a glacial pace )
http://omrpublic.iea.org/pricesfutures.asp?exchange=NYMEX&view=High%2FLow+Close&Submit=Submit

and choose the front month west Texas intermediate

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BigTex

I know it won't count, but I want to participate anyway.

High: $117
Low: $84
Close: $103
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Smile

pup55 · Expert Joined: May 26, 2004 Posts: 3597

pup55 · Expert Joined: May 26, 2004 Posts: 3597

Through April 15th

SteinarN · Tar Sands Joined: Sep 20, 2007 Posts: 73 Location: Norway

If the current high as of 21. march stands year out, the year close must be under roughly US$109 if I shall beat dbruning. If the high rise to above US$122, then the close must be under roughly US$104 for me to beat dbruning.

The recent runup in price have surpriced me. I had supposed the price should be lower based on the downturn in the US and supposedly a relatively large addition of new capasity this year. I fear a very steep increase in the price a couple year ahead. From 2010 and onward, the addition of new capasity is projeted to be much lower than this and next year. From 2010 or 2011 I assume a distinct and noticeable downward trend in the crude and condensate production. We are truly headed into an interesting and challenging time.

pup55 · Expert Joined: May 26, 2004 Posts: 3597

DantesPeak

This may be fairly obvious but if there is a shooting war with Iran my year end amount of $122, and even the high of $146, will appear in retrospect way too low.

Tanada

pup55 · Expert Joined: May 26, 2004 Posts: 3597

joewp

Pup, when posting these spreadsheets, try using the code tags, like this:

pup55 · Expert Joined: May 26, 2004 Posts: 3597

DantesPeak

pup55 · Expert Joined: May 26, 2004 Posts: 3597