Joined: Apr 05, 2005 Posts: 1620 Location: Springsteen Country (NJ)
Posted: Wed May 07, 2008 6:22 pm Post subject: Re: The 2008 PO.com Oil Price Challenge (Apr 28)
Glad to help, pup.
And also glad/sad that PO.com posters are doing much, much better than the so-called "experts".
Hey, maybe we should be getting paid for this??? _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
Posted: Thu May 08, 2008 6:46 am Post subject: Re: The 2008 PO.com Oil Price Challenge (Apr 28)
Quote:
should we have a mid year update for those who had a change of mind
Go for it. I will just note the updated predictions appropriately somehow, and keep the old ones around just to keep everyone humble.
This is about the love, respect and admiration of the PO.com community, so the original entries will get precedence, of course. But, this is kind of a laid back game, and if any newcomers want to join, or any revisionism is needed, feel free.
Joined: Apr 04, 2005 Posts: 472 Location: Seattle, WA
Posted: Fri May 09, 2008 2:26 am Post subject: Re: The 2008 PO.com Oil Price Challenge (May 6)
Hopefully it's not to late for to join in.
High $ 215
Low $ 89 (or whatever the lowest price has been so far this year)
Closing $208
Oil continues its steady rise upward and doesn't look back.
And because I can't help it:
Rush Limbaugh and the conservative media blames the Democrats for record oil prices.
Democrats blame the oil companies and OPEC.
Holiday (related) spending declines in the U.S. during the Christmas Holiday season in 2008 when compared to 2007.
The fed retinkers with the CPI to show that inflation is under check at only 2% per year because instead of factoring out just energy and food, the feds decide to also exclude durable goods, manufacturing, services, and any other form of spending.
Bush announces he has an aggressive 2009 January session planned where he will pass social security reform and more tort reform or, in the alternative, Bush declares marital law and appoints himself Emperor for life. Rush blames the Democrats for Bush's mental instability and blames San Francisco for ruining the republic. Bill Kristol calls for war against Iran and the rest of the middle east... He laments on FOX News, "Oil....the precious...It's OURS! OURS!"
George Lucas decides to have another Star Wars Trilogy, this time set 30 years after the fall of the Empire. George casts Mark Hamiliton as Luke Skywalker wielding his lightsaber from his hydrogen powered wheelchair.
Posted: Sat May 10, 2008 8:51 am Post subject: Re: The 2008 PO.com Oil Price Challenge (Apr 28)
pup55 wrote:
I'd say there will be a lead change at about 126
That's awesome, pup55. Like watching a horse race where you know the strongest horse is back in the pack (~200) just waiting for the last quarter to blow the field away ''
Posted: Sun May 11, 2008 5:27 am Post subject: Re: The 2008 PO.com Oil Price Challenge (May 6)
The real excitement will be in the last week of the year, when the high and low are already in, and the standings will depend a lot on the close, which will change daily.
Posted: Sun May 11, 2008 5:43 am Post subject: Re: The 2008 PO.com Oil Price Challenge (May 6)
pup55 wrote:
The real excitement will be in the last week of the year, when the high and low are already in, and the standings will depend a lot on the close, which will change daily.
Posted: Sun May 11, 2008 1:02 pm Post subject: Re: The 2008 PO.com Oil Price Challenge (May 6)
sjn wrote:
pup55 wrote:
The real excitement will be in the last week of the year, when the high and low are already in, and the standings will depend a lot on the close, which will change daily.
Yeah, like who will it be? Me or Rocc?
If you or rocc are right we will proberbly have no internet or food for that matter!
Posted: Mon May 19, 2008 1:50 pm Post subject: Re: The 2008 PO.com Oil Price Challenge (New Leader)
I predicted that oil would reach $160 this year about a year ago on a different thread. Now I think we're heading into hyperbolic price growth, so I would say the high this year should be closer to $240 (we'll call that the end price, too--and no new lows), with things quickly getting astronomic in the early months of '09.
Posted: Mon May 19, 2008 2:47 pm Post subject: Re: The 2008 PO.com Oil Price Challenge (May 6)
pup55 wrote:
The real excitement will be in the last week of the year, when the high and low are already in, and the standings will depend a lot on the close, which will change daily.
The closing price should be a range... it varies too much. Or make the avarage day closing price in the last month (so that predictions don't have to change) the "close"... or something. _________________ anagami.net
Joined: Dec 18, 2004 Posts: 4137 Location: One Mile From the Columbia River
Posted: Mon May 19, 2008 6:36 pm Post subject: Re: The 2008 PO.com Oil Price Challenge (New Leader)
If the year ended today I would be the winner. But we have seven months more to go!
If Bush attacks Iran or something insane like that happens, and the price of oil reaches stratospheric levels, maybe we can change our estimates around 01DEC08?
Or.... heh... dig this, maybe you could then simply double all the estimates just to be fair. _________________ Everything is Impermanent. Shakyamuni Buddha
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