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THE 2012 PO.com Oil Price Challenge

Discussions about the economic and financial ramifications of PEAK OIL

Re: THE 2012 PO.com Oil Price Challenge

Unread postby PeakOiler » Fri 17 Feb 2012, 21:12:01

It appears that a new high price will be reported in next week's report from the EIA. According to the Dukascopy ticker (link above), WTI close and high price was about $103.95. The floor price was a little lower, but I think it still set a new high price for the year. The range increases...

kublikhan may be #1 next week. We'll see what happens. If there is a change in the lead or new high price is set for the year, I'll post another scorecard.

The horses are now running neck-to-neck for the lead!

(..."your just banging two coconut shells together...")
:lol:
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby pup55 » Mon 20 Feb 2012, 12:57:26

Image

I have to say I am feeling pretty good about this graph which predicted about 105 by mid-February....this does not ensure me any love and respect yet...

I am glad we got 38 participants... still pretty good.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby Beery1 » Tue 21 Feb 2012, 21:12:56

Am I mistaken, or did Cog and Repent just get taken out of the running with today's figures?
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby kublikhan » Tue 21 Feb 2012, 21:20:10

Yes, let's see the updated chart. If I am the new king of the hill, I need to let Cog know he is my new man servant.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby Cog » Wed 22 Feb 2012, 06:46:24

Bring forth a new chart so I can relish my continued dominance of this upstart kubikhan.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby PeakOiler » Wed 22 Feb 2012, 07:03:52

I'll post a new scorecard after the EIA releases their report on Thursday.

If WTI closed yesterday just shy of $106, then that would mean kublikhan is #1, Cog is #2, and Daniel_Plainview is #3.

We'll also have to see what the price does today.
There’s a strange irony related to this subject [oil and gas extraction] that the better you do the job at exploiting this oil and gas, the sooner it is gone.

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Re: THE 2012 PO.com Oil Price Challenge

Unread postby Ferretlover » Thu 23 Feb 2012, 17:46:52

I have no idea what crude per barrel will be, but whatever it is, I am thinking that it is about time for $4 (and up) gasoline to become the new norm is the US.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby Beery1 » Thu 23 Feb 2012, 18:20:24

At the rate the price is rising, eXpat might have a chance at the lead before the end of the month.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby eXpat » Thu 23 Feb 2012, 18:45:39

$this->bbcode_second_pass_quote('Beery1', 'A')t the rate the price is rising, eXpat might have a chance at the lead before the end of the month.

I hope so!! [smilie=blob1.gif] [smilie=wav.gif]
BTW 108 electronic trading!! http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby PeakOiler » Thu 23 Feb 2012, 19:49:32

Here's the latest scorecard:

Image

I did notice that today the price has jumped up even more, above $108.60!

There may be a new leader next week!
There’s a strange irony related to this subject [oil and gas extraction] that the better you do the job at exploiting this oil and gas, the sooner it is gone.

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Re: THE 2012 PO.com Oil Price Challenge

Unread postby SteinarN » Fri 24 Feb 2012, 04:27:31

It's still a longe time left, but I'm starting to wonder if my low prediction of 85 will prove to be too low. If so, this years low will be by far the highest low price ever for a given year.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby sparky » Fri 24 Feb 2012, 04:43:21

.
Yes Steinar, all the low bid have a big hole in their keels
that include me :?
due to the form of the competition , the low bid have an inbuilt advantage
for the first quarters , don't despair ,
nothing that a world economic Armageddon will not solve
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby careinke » Fri 24 Feb 2012, 14:55:59

109.54 and rising.

http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

Edit: I'm throwing my keyboard away!!!
Last edited by careinke on Fri 24 Feb 2012, 15:10:54, edited 1 time in total.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby vtsnowedin » Fri 24 Feb 2012, 15:04:26

8) At the present rate of a dollar a day rise I could hit the top of the chart in just twenty business days. Then I need a pop to the speculation bubble to let it crash back to $83.50 to hit my low prediction before it heads back to $100 support level with a nice little run up in December to settle at $114. All still quite within the realm of possibility but hitting that low is becoming a long shot.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby eXpat » Fri 24 Feb 2012, 15:08:59

"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
George Bernard Shaw

You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby Pops » Fri 24 Feb 2012, 16:08:18

Man was I wrong!. I thought we'd fiddle around through winter and hit my low of 90, then zing up to 115 in July, just in time to choke the economy, then dribble down to 110 for the highest ever winter price to close.

Maybe we'll hit the 115 soon, then crash back to 90 and end at $110.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby sparky » Fri 24 Feb 2012, 19:02:30

.
The lows have been cancelled for a few years now
it seems that the low of the year is the first quoted price , after it's all up
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby ColossalContrarian » Fri 24 Feb 2012, 19:30:44

$this->bbcode_second_pass_quote('sparky', '.')
The lows have been cancelled for a few years now
it seems that the low of the year is the first quoted price , after it's all up


We'll see, I bet it will plummet before November but that's just my WAG. Somewhere in the high 70's, low 80's by New Year.
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby dolanbaker » Fri 24 Feb 2012, 19:48:02

The lows still have a chance after the rise has crested!
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Re: THE 2012 PO.com Oil Price Challenge

Unread postby PeakOiler » Fri 24 Feb 2012, 20:55:54

I think the chart that pup55 posted on the previous page may be close to what occurs.

There's still quite a long race yet!

I'm not going to bet pup this year... :wink: Well, perhaps some hg peaches (if there's a good crop) for another beer or two. :)
There’s a strange irony related to this subject [oil and gas extraction] that the better you do the job at exploiting this oil and gas, the sooner it is gone.

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