The 2008 PO.com Oil Price Challenge (New Leader)

joewp

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??? Cool

_________________
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

sparky · Tar Sands Joined: Apr 09, 2007 Posts: 98

should we have a mid year update for those who had a change of mind !
the reward ( punishment ) would be the original post Rolling Eyes

whereagles

davep

Ok, I'm late but this seems like fun...

Low 88

High 215

End 188
_________________
All that we are is the result of what we have thought. The mind is everything. What we think we become. - Buddha

pup55 · Expert Joined: May 26, 2004 Posts: 3444

pup55 · Expert Joined: May 26, 2004 Posts: 3444

arretium

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.

GoghGoner · Heavy Crude Joined: Apr 10, 2008 Posts: 181

pup55 · Expert Joined: May 26, 2004 Posts: 3444

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.

sjn

mkwin · Intermediate Crude Joined: Jun 01, 2007 Posts: 544

pup55 · Expert Joined: May 26, 2004 Posts: 3444

dohboi · Light Sweet Crude Joined: Dec 05, 2005 Posts: 1027

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.

anagami

eastbay

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. Shocked

_________________
Everything is Impermanent. Shakyamuni Buddha