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Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Sun 01 Jan 2017, 05:59:38
by PeakOiler
OK. Here's the scorecard:

Image

We are now in the grace period for making or changing your guesses. The EIA report will be released Thursday I believe.

Thanks to all for playing and good luck!

(Salinski: I've corrected your average guess to $56.09. Excel rounded the number but I fixed that.) I'll be double checking all the numbers.

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Wed 04 Jan 2017, 16:32:36
by AutomaticEarth
OK, here's mine (if I'm not too late):

High: 77
Low: 42
Close: 65
Average: 55

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Wed 04 Jan 2017, 17:20:51
by PeakOiler
AutomaticEarth wrote:OK, here's mine (if I'm not too late):

High: 77
Low: 42
Close: 65
Average: 55


No, you're not too late. I just entered your numbers into the spreadsheet.

Where's Pops? I thought he would play again this year since he did well last year. And I thought Quinny would play again too. I think that if we don't see their guesses soon, I'll have to take them off of the scorecard.

I wonder why Shortonoil, ROCKMAN, and Adam (et al) won't play our game? It costs nothing unless side bets are made. :roll:

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Wed 04 Jan 2017, 17:26:59
by vtsnowedin
PeakOiler wrote:
I wonder why Shortonoil, ROCKMAN, and Adam (et al) won't play our game? It costs nothing unless side bets are made. :roll:

I don't have to wonder too much. [smilie=5baby.gif]

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Wed 04 Jan 2017, 18:46:32
by SteinarN
I'll revise my close to 64, low to 50 and average to 58.

My low isn't too low now? I mean, it wasnt below 50 on monday or thursday?

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Wed 04 Jan 2017, 19:31:01
by farmlad
I need to change my High of 50 to 55

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Wed 04 Jan 2017, 21:01:40
by Outcast_Searcher
SteinarN wrote:I'll revise my close to 64, low to 50 and average to 58.

My low isn't too low now? I mean, it wasnt below 50 on monday or thursday?

No. (I presume you mean your low isn't too high now?)

The WTI has been in the 52ish to 54ish range recently, unless I missed something. (I glance at that when I look at the overall market. It's 53.26 currently, if that helps).

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Wed 04 Jan 2017, 21:04:31
by Outcast_Searcher
vtsnowedin wrote:
PeakOiler wrote:
I wonder why Shortonoil, ROCKMAN, and Adam (et al) won't play our game? It costs nothing unless side bets are made. :roll:

I don't have to wonder too much. [smilie=5baby.gif]

It's too bad really. More wisdom (or crowds) from more voices with various viewpoints would be interesting. And you'd think that Short would have an edge, given he has his model and all...

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 00:08:48
by salinsky
I'd like to change my low to $41.20
Thanks, Sal

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 00:14:56
by salinsky
ROCKMAN does not to take a chance at looking bad, so he just stays in his corner, waits for the final bell and walks away a winner every time. Or so he tells us.
SAL

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 08:21:06
by vtsnowedin
Outcast_Searcher wrote: And you'd think that Short would have an edge, given he has his model and all...

Why yes he should be the odds on favorite. :razz:

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 11:27:29
by Subjectivist
Subjectivist wrote:High 91.11
Low 44.44
Close 73.33
Average 67.77


If I still can I would like to revise my guesses.

High 77.77
Low 49.49
Close 61.61
Average 58.88

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 15:26:14
by PeakOiler
Here's the first scorecard of 2017 with just two days of data:

Image

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 15:45:55
by Cog
I will enjoy my very short time in the lead.

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 15:48:07
by vtsnowedin
I do believe that is as high as I have ever been. :)

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 16:04:56
by vtsnowedin
How can the close be higher then the high? Just asking. :)

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 05 Jan 2017, 16:34:41
by PeakOiler
vtsnowedin wrote:How can the close be higher then the high? Just asking. :)



Oops! My bad! Thanks for catching that! So I corrected the high (which was the same as the close), and the range is $0.93. I resorted the list and there were changes in the numbers, but not in the standings.

I edited my post above with the corrected scorecard. Just in time!

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 12 Jan 2017, 07:42:31
by PeakOiler
Here's the scorecard for the week ending January 10:

Image

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 12 Jan 2017, 08:16:47
by KilonBerlin
It is too late to join, isn't it?!

What? Oh My God! Colin Campbell... he had corrected him self I think 10 times? His first Peak Oil Worldwide he said would be in the 1980's I think, but I know for sure that he said 1990! After the End of 1990, even though the (First) Persian Gulf War was running (I was only 3 years old back than, but I think the Kuwait attack and the extreme power with which the US secured Saudi-Arabia in Desert Shield took a while and went from late 1990 to 1991.... in 1991 we had a higher demand and production. For example China's last year as a net exporter of crude oil was in 1992. In 1993 they became a net importer... Campbell corrected himself to 1995 I think, later 2000, and I think 2 or 3 new "Peak Years" between 2000 and 2010, in fact the Worlds Oil Production was getting higher and higher, far too high, as we see now what the OPEC planned to do... we have simply 400 to 600 million liters too much of crude oil, every day!

We could make it like in lotto, we could take a glass and throw in 50 balls with each a year printed on it starting with 2017 - 2067. Than I could take one ball without seeing the year, and this would be as good as Campbell's prediction... If I see a oil documentary and the producers of this (mostly doomer docus where he appears) interview Campbell, at this point I immediately stop and close the window because if they interview him, the whole docu is crap...

I tink we will have a low of 41.25 US-$ (if €uro gets stronger),the High I would say 62.72$. Close with 52.84 and average 48.83$... that is correct/possible or?! A bit hard with my bad English.

Re: THE 2017 po.com Oil Price Challenge

Unread postPosted: Thu 12 Jan 2017, 16:08:23
by SteinarN
We have had some late joiners before, so I'm sure Peak Oiler will let you in if you put up a good guess and ask him politely :)

But I warn you, your numbers in the chart will be in gray colour :razz: