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2012 Brent Price Challenge

Discussions about the economic and financial ramifications of PEAK OIL

2012 Brent Price Challenge

Unread postby Pops » Sat 03 Dec 2011, 10:40:49

Image

It will be interesting next year to see where world oil prices go because like this year there are more moving parts than normal. Last year WTI decoupled from the world market because of too much oil moving into Cushing and not enough capacity going out to the GOM and the world market. The PO.com Gurus were extremely accurate guessing the world price even though WTI went off in it's own direction soon after the first of the year.

Right now, the Seaway pipe is scheduled to reverse flow in the 2nd quarter of '12 and help move some of that extra oil to market. But it won't be able to move more than about 25% of the excess next year and only 2/3 in '13 without help from other pipes. WTI is trying to price that in and now the stocks are building in Cushing in anticipation of the new outlet.

So, add in the economy and there is lots to think about - not to mention the fact that many PO gurus (including me :lol:) have been forecasting 2012-15 as the all-liquids peak.

So, place yer bets on Brent here, same rules as the WTI challenge - don't forget to make a prediction on 2012 WTI too.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
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Re: 2012 Brent Price Challenge

Unread postby dolanbaker » Sat 03 Dec 2011, 10:43:07

type, high, low, close
Brent 134, 101, 115
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Re: 2012 Brent Price Challenge

Unread postby Daniel_Plainview » Sat 03 Dec 2011, 12:10:41

Brent Crude
High Price == 122.22
Low Price == 99.99
Closing $$ == 111.11
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Re: 2012 Brent Price Challenge

Unread postby joewp » Sat 03 Dec 2011, 23:04:38

Brent:
High: $144
Low: $102
Close: $118
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Re: 2012 Brent Price Challenge

Unread postby kiwichick » Mon 05 Dec 2011, 19:36:51

brent

high; 140

low; 70


close; 85
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Re: 2012 Brent Price Challenge

Unread postby sparky » Mon 05 Dec 2011, 22:18:23

.
interesting , will the spread carry on , will Europe tank out

.......high 140$ , low 100 $ , close 120$
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Re: 2012 Brent Price Challenge

Unread postby PeakOiler » Thu 29 Dec 2011, 07:57:02

My guesses are made on an assumption that Brent will remain higher than WTI this year.

High: $138.72
Low: $92.73
Close: 117.51

As Pops pointed out, when the pipeline(s) are operational later in 2012 from Cushing to the Gulf coast, I agree that the price gap will become smaller between Brent and WTI.
There’s a strange irony related to this subject [oil and gas extraction] that the better you do the job at exploiting this oil and gas, the sooner it is gone.

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Re: 2012 Brent Price Challenge

Unread postby TheAntiDoomer » Thu 29 Dec 2011, 08:08:56

High: 118.34
Low: 98.56
Close: 106.43
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Re: 2012 Brent Price Challenge

Unread postby Pops » Sat 31 Dec 2011, 08:26:41

I'm betting on low volatility and low growth this year:

High 120
Low 100
close 115
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
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Re: 2012 Brent Price Challenge

Unread postby SeaGypsy » Sat 31 Dec 2011, 10:29:20

In keeping with the spirit of the game at 1 am on 1 1 12 here in Oz;
The spread will continue and multiply as claimed by the prophet Pops:
Brent:
Low: $88.90
High $133.50
Close $124.80
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Re: 2012 Brent Price Challenge

Unread postby Cog » Sat 31 Dec 2011, 11:51:36

High $114
Low $107
Close $114
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Re: 2012 Brent Price Challenge

Unread postby ColossalContrarian » Mon 02 Jan 2012, 12:52:14

I'm late to the party.... but my predictions are below and the exact same (improves my chances to win one or the other...)

High: $136
Low: $74
Close: $119
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Re: 2012 Brent Price Challenge

Unread postby careinke » Mon 02 Jan 2012, 14:16:16

High 152
Low 99
Close 121
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Re: 2012 Brent Price Challenge

Unread postby Midessa » Fri 06 Jan 2012, 21:13:03

high 128.25
low 82.09
close 106.19
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Re: 2012 Brent Price Challenge

Unread postby DomusAlbion » Fri 06 Jan 2012, 21:19:32

I believe there will be a Persian Gulf War this year, so I'm going high:

high 168.00
low 106.00
close 120.00
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Re: 2012 Brent Price Challenge

Unread postby Pops » Wed 11 Jan 2012, 17:09:36

Here's who/what I have so far, not much price action yet so take a stab at it if you like.

Pay no attention to careinke being listed twice, a mere detail...

Image
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: 2012 Brent Price Challenge

Unread postby careinke » Wed 11 Jan 2012, 17:56:59

Pops wrote:Pay no attention to careinke being listed twice, a mere detail...


At least I'm consistent. :)
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Re: 2012 Brent Price Challenge

Unread postby Cog » Sat 04 Feb 2012, 11:45:06

I'm not liking this uptick in Brent Prices.
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Re: 2012 Brent Price Challenge

Unread postby Daniel_Plainview » Sat 04 Feb 2012, 11:53:30

Brent already at $114.5/bbl.
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Re: 2012 Brent Price Challenge

Unread postby dolanbaker » Mon 06 Feb 2012, 17:50:13

$116.6 as I type this and rising rapidly, someone is spooked!
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