[Cog]

After the war with Iran begins, you will be sitting pretty Revi.

[Cog]

Since WTI has drifted down to around $103/bbl, I wonder if this has changed the standings.

[PeakOiler]

$this->bbcode_second_pass_quote('Cog', 'S')ince WTI has drifted down to around $103/bbl, I wonder if this has changed the standings.

[threadbare]

Highs--185.00
Lows---100.00

...and I am hyper conservative.

[SeaGypsy]

Brent/ Tapis/ WTI spread is huge this year and seems to be staying that way, indicating Cog & Kub's very conservative positions early may well stay out the pack with our more outlandish (& based more on real global pricing perhaps) predictions. So far very well done gentlemen, but there are still 2 turns to run before the final straight!

[PeakOiler]

Cog was #1 for two days this last week but with the close of $104.01 on April 3, kublikhan retook the lead. There won't be any significant changes until either a new high or a new low is set.

[Cog]

I want all of you to reduce driving as much as possible to bring the prices back down to my sweet spot of $103/bbl.

[Cog]

Speaking of which, its time for an update and time to shower the new leader with glory and honor.

[PeakOiler]

Well Cog, you should know by now that the EIA doesn't release their report until Wednesday (and sometimes Thursday if there's a holiday). How can I post a scorecard when the last release date was April 4 and the last reported day by the EIA was the 3rd? We are using the EIA as the reference source after all.

Just a reminder...

[PeakOiler]

Cog is #1 with yesterday's close:

[Cog]

I shall enjoy my 15 minutes of fame before sliding back to my usual double digit placing.

Taking kublikhan with me.

[Beery1]

Hang on. How can I be back down at 23? I was creeping up there dammit! Now look at me! It must be the closing price.

Oh closing price, must you be so fickle?

[SeaGypsy]

Cog is being coy, with plenty of pace left and barely having touched the stick. It's still anyone's race, but WTI does seem stuck in a much narrower band than other key indices. Unless something happens suddenly to bump the price, it does seem Cog & Kub will race it out.

[kublikhan]

Don't forget Seaway is going to be reversed in June. Goldman Sachs is predicting a much narrower WTI-Brent spread after this. We could be seeing those who predicted a higher price take the lead.

$this->bbcode_second_pass_quote('', 'W')TI crude oil may soon cost almost the same as Brent oil prices, a research note by Goldman Sachs states. The WTI-Brent spread, the differential between both these oil prices, had spiked to about $ 20/barrel over the past weeks as WTI prices were depressed from high level of inventories.

Goldman expects that the proposed reversal of the seaway pipeline could solve the problem of WTI inventory buildup, thus forcing the spread to narrow down. The seaway pipeline reversal is due on June 01, 2012 and when that happens, Goldman projects that the WTI-Brent spread could narrow to $ 5/barrel by the end of 2012.

[jdmartin]

Well I had managed to scratch my way to 4th place, then backslid to 8th. I guess that's good news, as it means oil is declining in price!

[SeaGypsy]

I am just about ready to concede! Early as it is in the year still, it seems Cog and Kub were on the money predicting some stability emerging in 'post peak/ plateau new normal'. Anything could still happen; I was expecting the volatility of the last couple of years to continue/ looks like I am going to be hobbled this year.

[Roryrules]

$this->bbcode_second_pass_quote('SeaGypsy', 'I') am just about ready to concede! Early as it is in the year still, it seems Cog and Kub were on the money predicting some stability emerging in 'post peak/ plateau new normal'. Anything could still happen; I was expecting the volatility of the last couple of years to continue/ looks like I am going to be hobbled this year.

[PeakOiler]

No need to post another scorecard yet. There have been no significant changes with the lack of volatility in the price range this year. So far.

Below shows the leaders percentage of the time they held the #1 spot so far in this slow motion race:

Repent_________34/79_43%
Kublikhan_______29/79_37%
Cog____________13/79_16%
Daniel_Plainview_3/79_4%

The EIA have reported WTI price data for 79 days this year.

Kublikhan and Cog have their stirrups (and/or perhaps other tack) tangled up! They'll be neck and neck till the end...

Kublikhan retook the #1 spot as of 4/24/12, btw.

It will be interesting to see what happens to the WTI price once the Seaway pipeline(s) are serving the Gulf Coast in just a few weeks, especially by the end of the year.

[PeakOiler]

The latest scorecard:



Edit: Oops. I forgot to change the date. The scorecard should read "As of May 1st".

[Revi]

I'm glad to see that my 33rd place is holding. I'm not ready to concede defeat yet.