[dolanbaker]

Price of Brent breaking records when Priced in Euros.
http://www.indexmundi.com/commodities/? ... rrency=eur
$this->bbcode_second_pass_code('', '
Month Price Change
Feb 2007 44.18 -
Mar 2007 46.93 6.22 %
Apr 2007 49.87 6.26 %
May 2007 49.94 0.15 %
Jun 2007 53.15 6.42 %
Jul 2007 56.29 5.90 %
Aug 2007 51.98 -7.66 %
Sep 2007 55.51 6.81 %
Oct 2007 58.37 5.14 %
Nov 2007 63.02 7.97 %
Dec 2007 62.77 -0.40 %
Jan 2008 62.46 -0.50 %
Feb 2008 64.30 2.95 %
Mar 2008 66.53 3.47 %
Apr 2008 70.12 5.40 %
May 2008 79.67 13.62 %
Jun 2008 85.55 7.38 %
Jul 2008 84.91 -0.75 %
Aug 2008 76.06 -10.43 %
Sep 2008 68.95 -9.34 %
Oct 2008 54.75 -20.60 %
Nov 2008 41.82 -23.62 %
Dec 2008 30.99 -25.91 %
Jan 2009 33.90 9.41 %
Feb 2009 33.82 -0.23 %
Mar 2009 35.92 6.21 %
Apr 2009 38.56 7.33 %
May 2009 42.46 10.12 %
Jun 2009 48.94 15.26 %
Jul 2009 46.09 -5.83 %
Aug 2009 50.82 10.26 %
Sep 2009 46.49 -8.5 1 %
Oct 2009 49.40 6.26 %
Nov 2009 51.66 4.56 %
Dec 2009 51.11 -1.05 %
Jan 2010 53.52 4.70 %
Feb 2010 54.30 1.47 %
Mar 2010 58.43 7.59 %
Apr 2010 63.36 8.44 %
May 2010 60.65 -4.27 %
Jun 2010 61.31 1.08 %
Jul 2010 58.55 -4.51 %
Aug 2010 59.49 1.62 %
Sep 2010 59.52 0.05 %
Oct 2010 59.68 0.26 %
Nov 2010 62.39 4.55 %
Dec 2010 69.45 11.31 %
Jan 2011 72.09 3.81 %
Feb 2011 76.18 5.67 %
Mar 2011 81.76 7.33 %
Apr 2011 85.30 4.32 %
May 2011 79.78 -6.47 %
Jun 2011 79.07 -0.88 %
Jul 2011 81.73 3.36 %
Aug 2011 76.76 -6.08 %
Sep 2011 80.65 5.07 %
Oct 2011 79.87 -0.96 %
Nov 2011 81.38 1.89 %
Dec 2011 81.94 0.69 %
Jan 2012 85.96 4.90 %
Feb 2012 90.55 5.34 %
')

[dolanbaker]

Brent holding steady in a 120-125 mainly band at the moment

[Pops]

Average for the year is $118.34.

v... What Yergin said...
v
v

[dolanbaker]

Down under USD100 for the first time this year If the Euro wasn't falling as fast, I'd be happy.

[Cog]

The excitement over cheaper oil will be tempered by the lack of a job to pay for it at any price.

[Pops]

Demand is down and supply is up so commercial stocks are up. I need to chart the amount of oil in commercial stocks, I'd bet it correlated pretty close to price.

My guess that the economy will be LESS able to cope with higher prices is still up in the air, Brent at US$120/bbl looks like the ceiling for sure and maybe even $100, the next top will shed light. Hard for me to tease out how much is oil price affecting the world economy, the price was heading up the first qtr when some kind of recovery seemed to be taking hold.

The price has now broken through my last guess for the price floor, the steep light red line, so how close it comes to darker red "bottom" will be interesting.

But it went out of the "wedge" to the downside after it went out to the up... so? Supplies are up and demand down – kind of what we might expect from here?

[TheAntiDoomer]

#1 in Brent. #3 in WTI. Not bad, not bad at all.

[Pops]

Yer on it.

Hi+Lo you're almost as good as me – but we're both behind DP who is only off 6.84, excluding the close.

[dinopello]

I haven't played the price game, but I do enjoy reading the predictions.

Here's a "pro"'s prediction

$this->bbcode_second_pass_quote('', 'H')e bases his outlook on pattern recognition and psychology. His work suggests crude will plunge to the December 2008 lows of $38 a barrel then pause prior to falling another 50%. All in, Kennedy is forecasting an additional 80% drop in crude to $16.70 a barrel; a level not seen since November 0f 2001.

[Pops]

Pattern recognition? What a crock.

Mmm I see a pattern forming...



The "pattern" is we've used the new technology of Record Price® and Burn Everything® to increase liquids and kill demand. How's that for psychology?


http://www.consumerenergyreport.com/201 ... more-10950

[dolanbaker]

$this->bbcode_second_pass_quote('dinopello', 'I') haven't played the price game, but I do enjoy reading the predictions.

Here's a "pro"'s prediction

$this->bbcode_second_pass_quote('', 'H')e bases his outlook on pattern recognition and psychology. His work suggests crude will plunge to the December 2008 lows of $38 a barrel then pause prior to falling another 50%. All in, Kennedy is forecasting an additional 80% drop in crude to $16.70 a barrel; a level not seen since November 0f 2001.

[SeaGypsy]

There were about 10 of us beat every 'pro pundit' the last few years and will again this year,

[SeaGypsy]

Any update here Pops (Considering it appears last week set a likely median term low)?
(skipping from WTI Price Challenge)
You will have plenty of interesting stuff to play with end of year/ Brent WTI spread (Tapis followed Brent and topped a little higher?) So many political factors building momentum in price dynamics these days, such broad spreads, much more interesting numbers-wise than the last few decades between 1975 and 2006. Like that whole time was climbing for this roller coaster of doom (rahahhaa!)

[Pops]

midessa's out front by about $8 overall

SG you've the leading hi+low difference at 8.05, midessa is at 9.19.

[Pops]

Couple of interesting things to note,
52 week average has gone back up over $114, almost $10 higher in real terms than the unregulated stripper well price in 1980, right after price controls were lifted, of $104.59
(Mine is an approximate average due to holidays & cetra but within pennies)

Midessa has the lowest high difference and the 3rd lowest low diff. Gypsy is off the low by 21¢ and off the new calendar avg by 96¢!

Mid & Gypsy are less than $10 off of the range of prices (hi diff +low diff) half the nearest competitor

Half of us are within $7 of the average price for the year and as a group we are off the average price by only $5.25

Salute!


*(the calendar average is a new calculation from previous tables based on the actual daily price instead of just the record high and low)
http://inflationdata.com/inflation/infl ... _table.asp

[SeaGypsy]

Still think I'm just guessin' Pops? (Educated guesswork, I guess! An education I got here at peakoil.com especially from you Pops.)

[PeakOiler]

$this->bbcode_second_pass_quote('Pops', 'C')ouple of interesting things to note,
52 week average has gone back up over $114, almost $10 higher in real terms than the unregulated stripper well price in 1980, right after price controls were lifted, of $104.59
(Mine is an approximate average due to holidays & cetra but within pennies)

Midessa has the lowest high difference and the 3rd lowest low diff. Gypsy is off the low by 21¢ and off the new calendar avg by 96¢!

Mid & Gypsy are less than $10 off of the range of prices (hi diff +low diff) half the nearest competitor

Half of us are within $7 of the average price for the year and as a group we are off the average price by only $5.25

Salute!

*(the calendar average is a new calculation from previous tables based on the actual daily price instead of just the record high and low)
http://inflationdata.com/inflation/infl ... _table.asp

[Pops]

$this->bbcode_second_pass_quote('SeaGypsy', 'S')till think I'm just guessin' Pops? (Educated guesswork, I guess! An education I got here at peakoil.com especially from you Pops.)

[dolanbaker]

Interesting, I believed that the fear of supply problems caused by trouble in the middle East would trump economic decline.

Well, I was correct for the first quarter!

[SeaGypsy]

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('SeaGypsy', 'S')till think I'm just guessin' Pops? (Educated guesswork, I guess! An education I got here at peakoil.com especially from you Pops.)