2008 PO.com Oil Price Challenge II (Nov 12)

Bas

since I was on the high side with 139.50 in our previous contest for the whole year of 2008 and that was obviously too low of an estimate, I'll make the following "bold" prediction.

high/low/close

$300/$140/$300
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pup55 · Expert Joined: May 26, 2004 Posts: 3809

pup55 · Expert Joined: May 26, 2004 Posts: 3809

Note: I decided (mischievously) to deprive Mr. Bill of being the only entry in Euros. I am sure he was a little conservative, and the pricing will be higher than he predicts, so probably no harm done.

Art_Vandelai

high: 177.99
low: 134.21
close: 176.40

ReducedToZero

Oh gosh, I must prove myself haha this is my 2nd post...

low 140
high 200
close 200

wisconsin_cur

I was going to sit this one out but I guess that I will bite.

Low 138.26

High 189.34

Close 154.12
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SteinarN

I'm adjusting my low prediction from $124 to $134. It seems that the dips in the oil prize is getting increasingly shallower.

xarkz

high $160
low $110
close $110

morph · Heavy Crude Joined: Jul 28, 2006 Posts: 105

Pops

I (or someone) is going to update my prediction again just before New Years Pup.

Make a note.

Laughing

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MrBill · Expert Joined: Sep 15, 2005 Posts: 5650 Location: Eurasia

Yes, indeed, I believe my earlier predictions will prove too low for the current environment. They were based on my best information at the time, but the world moves on, and so do prices. Definitely one of the dangers of strategic planning. One needs a dynamic not a static model as events change. A good lesson for me.
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Pops

Really, I didn't figure it coming so close to my high this soon, either in the first game of '08 or in this one.

2 guesses a year are enough but in the real game of life I gotta wonder if my high of US$149 wasn't high enough and my original close around US$100 was too high.

Things seem to be getting tough pretty fast and after the Olympics and US elections and fall fill-ups...

Guess we'll see.
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vaseline2008 · Tar Sands Joined: Apr 28, 2008 Posts: 84

High = $255
Low = $135
Close = $225
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pup55 · Expert Joined: May 26, 2004 Posts: 3809

SteinarN