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Peakoil.com :: View topic - The 2008 PO.com Oil Price Challenge (Sept 3)
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The 2008 PO.com Oil Price Challenge (Sept 3)
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pup55
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Joined: May 26, 2004
Posts: 3597

PostPosted: Mon Jan 07, 2008 6:04 pm    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

Quote:
I still will win a pint or two


Quote:
will be regarded with reverence, and generally declared to have superior intellect and/or clairvoyant powers, and get abundant respect from the fellow forum dwellers.


I think it's a good hedge. What would you rather have, some beer, or the respect and reverence of a lot of people on a lunatic fringe website?
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pup55
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Joined: May 26, 2004
Posts: 3597

PostPosted: Wed Jan 09, 2008 8:18 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

Quote:
`Inventory levels in the western world are quite tight,'' said Johannes Benigni, managing director at PVM Oil Associates in Vienna. ``Global oil demand growth is still increasing significantly,'' he said, adding that crude will reach $120 a barrel this year.


Bloomberg
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SteinarN
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Joined: Sep 20, 2007
Posts: 73
Location: Norway

PostPosted: Wed Jan 09, 2008 8:43 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

High: 112,3
Low: 90,7
Close: 102,7
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pup55
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PostPosted: Wed Jan 09, 2008 8:37 pm    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

The EIA has posted some data today. Here are the current "overall" rankings (top 20) based on this really limited data set:

Code:
   High   Low   Close   
   99.62   95.09   96.33   
   high   low   close   Diff Total
mkwin   98.5   82   90   20.54
SteinarN   112.3   90.7   102.7   23.44
xarkz   100   78   88.14   25.66
zzzpeakoil   109.5   79.6   95.5   26.2
ColossalContrarian   119.87   82.31   101.51   38.21
Concerned   109.75   72.24   88.75   40.56
pup55   120.49   75.23   97.11   41.51
basil_hayden   109   69   89   42.8
Gerben   119   102   75   47.62
skyemoor   128   84   108   51.14
morph   125   82   110   52.14
dbruning   122   84.56   116   52.58
thuja   122   73   105   53.14
MrBill   137.22   80.42   99.29   55.23
Pops   149   91   98.6   55.74
Twilight   101.7   60.58   77.03   55.89
Art_Vandelai   132.66   88.4   118.04   61.44
FishAreBest   140   80   105   64.14
Shannymara   138   84   118   71.14
Snowstorm   134.97   83.16   122.49   73.44


These rankings are based on the total differential of each of the three forecasts vs. the current data set, which is only about 8 days. The "close" is the last piece of data reported.

I'll do it later based on the most accurate forecasts in each category.
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eastbay
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Joined: Dec 18, 2004
Posts: 4137
Location: One Mile From the Columbia River

PostPosted: Wed Jan 09, 2008 10:59 pm    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

High: $135.00

Low: $ 85.00

Close: $130.00
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anagami
Light Sweet Crude
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Joined: Jul 26, 2006
Posts: 1655
Location: Sudavasa Abodes

PostPosted: Thu Jan 10, 2008 12:19 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

pup55 wrote:
(...)

Note to zensui: I am game to play in Euros, but sometime in the next year, your assignment will be to find a source of daily euro/dollar conversion prices that I can paste into an excel spreadsheet.
(...)


type "euro" in google, copy and paste first result (today: 1 Euro = 1.4709 U.S. dollars)

...in Mac OS X there should be dashboard front-ends.
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anagami
Light Sweet Crude
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Joined: Jul 26, 2006
Posts: 1655
Location: Sudavasa Abodes

PostPosted: Thu Jan 10, 2008 12:29 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

wisconsin_cur wrote:
zensui wrote:
For the fun of it (1 more variable), could we post predictions in both $ and €? For this, can there be some days more for posting or editing the predictions?


but I don't even have a cute little euro key... Will I have to send my cpu back to china for a new key or will there be a new versions of windows that automatically changes one of those keys that I never use any way into the cute little euro sign?


I think my Spanish keyboard layout is from Spain, that's why AltGr + E = €

I'm about to switch to 99% Unix, basically Mac OS X and Linux... on a Mac you can configure whatever combination of keys to whatever symbol...

For rare symbols (on keyboards) but that are part of unicode, like Costa Rica's currency, I type "colones" on google or wikipedia and copy and paste the symbol:

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anagami
Light Sweet Crude
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Joined: Jul 26, 2006
Posts: 1655
Location: Sudavasa Abodes

PostPosted: Thu Jan 10, 2008 12:31 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

pup55 wrote:
Quote:
I still will win a pint or two


Quote:
will be regarded with reverence, and generally declared to have superior intellect and/or clairvoyant powers, and get abundant respect from the fellow forum dwellers.


I think it's a good hedge. What would you rather have, some beer, or the respect and reverence of a lot of people on a lunatic fringe website?


Since I don't like beer, the respect and reverence of people on a lunatic fringe website Smile
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pup55
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PostPosted: Thu Jan 10, 2008 6:48 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

Quote:
(today: 1 Euro = 1.4709 U.S. dollars)


nope. This only gives the price today. It might change tomorrow.

If I do this on December 31, I will have the maximum and minimum price based on the the "Dec 31" Euro price. I want the maximum and minimum for the year, based on whatever price it is that day.

That's why I need a spreadsheet for the daily Dollar/Euro price. Then, easy to compute the maximum and minimum oil price in Euros for all of the days.

I cannot get excited about looking this up every day. I would rather follow the Weekly Petroleum Status Report.
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anagami
Light Sweet Crude
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Joined: Jul 26, 2006
Posts: 1655
Location: Sudavasa Abodes

PostPosted: Sun Jan 13, 2008 10:00 pm    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

pup55 wrote:
Quote:
(today: 1 Euro = 1.4709 U.S. dollars)


nope. This only gives the price today. It might change tomorrow.

If I do this on December 31, I will have the maximum and minimum price based on the the "Dec 31" Euro price. I want the maximum and minimum for the year, based on whatever price it is that day.

That's why I need a spreadsheet for the daily Dollar/Euro price. Then, easy to compute the maximum and minimum oil price in Euros for all of the days.

I cannot get excited about looking this up every day. I would rather follow the Weekly Petroleum Status Report.


try here:
http://es.finance.yahoo.com/q?s=EURUSD=X
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MrBill
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PostPosted: Tue Jan 15, 2008 5:23 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

Pup, anytime you need to see the price of crude in euros let me know. Cheers.

Quote:




Quote:



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GreyGhost
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Joined: Aug 31, 2005
Posts: 91

PostPosted: Tue Jan 15, 2008 5:32 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

eastbay wrote:
High: $135.00

Low: $ 85.00

Close: $130.00


uh ... Are we still accepting predictions, even being a couple of weeks into 2008? Maybe there should be a set cut-off date.

I will accept this transgression, so long as there are no more, and so long as you accept my revised prediction with low of $95 Smile
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whereagles
Intermediate Crude
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Joined: Aug 17, 2005
Posts: 576
Location: Portugal

PostPosted: Tue Jan 15, 2008 3:16 pm    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

high: $125.21
low: $88.55
close: $105.23

method: guesswork, coupled to random number generator Razz

if I win I'd like a chocolate to be shipped to my place, thankyouverymuch Cool
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pup55
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PostPosted: Tue Jan 15, 2008 9:58 pm    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

I am laid back. You can make predictions any time you want.

However, the longer you wait, the less respect and admiration you will get from the fellow forum dwellers.

Quote:
Pup, anytime you need to see the price of crude in euros let me know. Cheers


Thanks, Mr. Bill, but what I really need is a spreadsheet with the daily prices on it. I can then use it to do the calculations for the entire year, and then calculate the maximum and minimum. I will not need it for 50 weeks, however, so plenty of time to find one.

The EIA gives one for the daily oil price, no problemo.
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MrBill
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PostPosted: Wed Jan 16, 2008 2:45 am    Post subject: Re: The 2008 PO.com Oil Price Challenge Add User to Ignore List Reply with quote

Pup55, when the time comes I will just send you the historical data from Bloomberg. I might even be able to load it into a spreadsheet already? Dunno, I am pretty crap at that, but I might ask them to do it for me? ; - ) But in any case the one-year 2008 chart will show the high, low, average and last price anyway in USD, EUR or whatever currency you want. Cheers.
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