The 2008 PO.com Oil Price Challenge Sept 30

Gandalf_the_White · Intermediate Crude Joined: Nov 21, 2007 Posts: 511

I like the idea. I would say though that most likely we are into a pradigm now where any price it attains or maintains will not be good. There is no such thing as $80 oil anymore, probably not $90, perhaps not $100. We are into waht once seemed like the stratosphere and even guys like Sachs are approving of predictions much higher.

In the words of a disgruntled Natural Resource worker I knew years a go.

'It's Over!'
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pup55 · Expert Joined: May 26, 2004 Posts: 3676

Pops

I'll bite;
Low 87
High 149
Close 124

( my previous guess was similar except for the close, I figured such a high would put a big hit to the economy and so a big whack to demand...

I'm revising what I'm "wishing" for basically...)

Crying or Very sad

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Gerben

Might be better to limit the forecast period to from July 1 to December 31, or otherwise a lot of people will have exactly the same low and/or high (being the low and/or high that was reached earlier in the year).

pup55 · Expert Joined: May 26, 2004 Posts: 3676

I agree. The contest will cover the period between July 1 and December 31.

Pops, you are going to have to revise your prediction.

I will edit my previous post.

PenultimateManStanding

Here we are in the middle of May and it's beginning to look like sjn and roccman were the only ones whose crystal balls were working. There is some kind of acceleration in the price run-up going on. The recent average gain seems to be a little less than a dollar a day. That won't put us into sjn/roccman territory, as Tyler pointed out in another thread, but it'll put it miles ahead of what even us peak oil students thought just last December. What will put it into sjn/roccman territory is for the acceleration to continue throughout this year. In that case, we'll find out just what the world economy can bear.
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anagami

threadbear · Expert Joined: Jan 22, 2005 Posts: 7475

High 150.00. Low 85.00, barring WW3.

PenultimateManStanding

PenultimateManStanding

eastbay

Ok, the new estimate for me is:

High: $165.00
Low: (whatever the low earlier this year... $86.00?)
Close: $155.00
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MrBill · Expert Joined: Sep 15, 2005 Posts: 5362 Location: Eurasia

I am keeping my US dollar predictions for the full-year as they are, although I suspect I will be too low with the low of the year.

Here are my new predictions in euro for July 1st to December 31st.

High 88 euro
Low 61 euro
Close 78 euro
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shakespear1 · Light Sweet Crude Joined: May 13, 2005 Posts: 1552

High : $200
Low: $110

KISS Smile

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Men argue, nature acts !
Voltaire

"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."

Alan Greenspan