PeakOil is You
THE 2016 po.com Oil Price Challenge
Re: THE 2016 po.com Oil Price Challenge
by vtsnowedin » Thu 14 Jan 2016, 06:58:02
Well I've got the low covered for now. All I need is a little more disruption in the Mid East to send prices back up to start rising in the rankings.
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Re: THE 2016 po.com Oil Price Challenge
by Subjectivist » Thu 14 Jan 2016, 11:07:10
WooHoo Last Place!
II Chronicles 7:14 if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.
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Re: THE 2016 po.com Oil Price Challenge
by wildbourgman » Wed 20 Jan 2016, 14:38:03
I want to start all over again!
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Re: THE 2016 po.com Oil Price Challenge
by dolanbaker » Wed 20 Jan 2016, 16:01:53
I've already lost the low, but I can still win with the high, end & average
Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.:Anonymous
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
Our whole economy is based on planned obsolescence.
Hungrymoggy "I am now predicting that Europe will NUKE ITSELF sometime in the first week of January"
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Re: THE 2016 po.com Oil Price Challenge
by PeakOiler » Fri 22 Jan 2016, 05:39:55
Here's the scorecard as of 19-Jan:
I hope the bottom has been reached. My low difference is only $0.16!
I hope the bottom has been reached. My low difference is only $0.16!
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.
--Colin Campbell
--Colin Campbell
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Re: THE 2016 po.com Oil Price Challenge
by Pops » Fri 22 Jan 2016, 09:07:31
I thought it might fall a speck on the actuality of Iran sanctions but I think it kinda wobbled down more on just general fear than anything else.
Some guy in the EU mumbled QE so it's all roses from here!
Some guy in the EU mumbled QE so it's all roses from here!
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.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: THE 2016 po.com Oil Price Challenge
by salinsky » Fri 22 Jan 2016, 16:33:20
The other day, I believe I saw it at 26.55 and then it took a thundering bounce. It's all tall cotton from now on!
Sal
Sal
If you believe something is true, then it must be true or you wouldn't believe it was true, therefore, everything you think is true, is true, or is it?
Señor Salinsky
A people's culture is their best ignorance.
SAL
Señor Salinsky
A people's culture is their best ignorance.
SAL
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Re: THE 2016 po.com Oil Price Challenge
by Tanada » Sat 23 Jan 2016, 01:17:42
I just checked the data for the last 5 years, Oil only fell under $50/bbl in August and every time it flirts with the $30/bbl floor it bounces back up relatively quickly. It could fall to $5/bbl on Monday because the market is kind of a crazy place, but all the big traders use computer algorithms to predict when they should sell or buy. As a result I think most of the big traders already had Iran priced into their models so when the market opened Monday it declined for a couple days while some sheep panicked and were sheered of their excess cash, but by Thursday the dust was settling nicely and today things returned back up over 30/bbl where it was Thursday the 14th, and it looks like the price is headed back for the $35-$45 trading range it was bouncing around before sanctions were lifted. I guess as long as Goldman Sachs and Jim Cramer make ad money by screaming it is going to keep going down for months they will do so, until they think they can make more money by saying it is headed back up.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: THE 2016 po.com Oil Price Challenge
by PeakOiler » Thu 28 Jan 2016, 08:29:58
Here's the new scorecard:
Yes, it did drop a little more for a new low price. Rats! Just when I thought I might have pegged the low.
Yes, it did drop a little more for a new low price. Rats! Just when I thought I might have pegged the low.
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.
--Colin Campbell
--Colin Campbell
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Re: THE 2016 po.com Oil Price Challenge
by vox_mundi » Thu 28 Jan 2016, 13:50:06
Going up ...
Oil jumps as Russia says Saudis proposing global oil cut
$this->bbcode_second_pass_quote('', 'R')ussia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help clear a glut of crude and prop up sinking prices.
Russian Energy Minister Alexander Novak said Saudi Arabia had proposed that oil-producing countries cut production by up to 5 percent, which for non-OPEC member Russia - the world's top producer - would represent around 500,000 bpd.
"Indeed, these parameters were proposed, to cut production by each country by up to 5 percent," Novak said. "This is a subject for discussions, it's too early to talk about."
Saudi Arabian officials did not immediately comment on the proposal but a senior Gulf OPEC delegate said: "Gulf OPEC countries and Saudi Arabia are willing to cooperate for any action to stabilize the international oil market."
The proposal did not come directly from Saudi Arabia but rather from OPEC members Venezuela and Algeria, one Gulf OPEC source said.
Oil jumps as Russia says Saudis proposing global oil cut
$this->bbcode_second_pass_quote('', 'R')ussia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help clear a glut of crude and prop up sinking prices.
Russian Energy Minister Alexander Novak said Saudi Arabia had proposed that oil-producing countries cut production by up to 5 percent, which for non-OPEC member Russia - the world's top producer - would represent around 500,000 bpd.
"Indeed, these parameters were proposed, to cut production by each country by up to 5 percent," Novak said. "This is a subject for discussions, it's too early to talk about."
Saudi Arabian officials did not immediately comment on the proposal but a senior Gulf OPEC delegate said: "Gulf OPEC countries and Saudi Arabia are willing to cooperate for any action to stabilize the international oil market."
The proposal did not come directly from Saudi Arabia but rather from OPEC members Venezuela and Algeria, one Gulf OPEC source said.
“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.” ― Leonardo da Vinci
Insensible before the wave so soon released by callous fate. Affected most, they understand the least, and understanding, when it comes, invariably arrives too late.
Insensible before the wave so soon released by callous fate. Affected most, they understand the least, and understanding, when it comes, invariably arrives too late.
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Re: THE 2016 po.com Oil Price Challenge
by PeakOiler » Fri 12 Feb 2016, 09:46:52
Here's the scorecard as of Feb. 8:
We may still see another low price by next week.
We may still see another low price by 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.
--Colin Campbell
--Colin Campbell
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PeakOiler - Intermediate Crude
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Re: THE 2016 po.com Oil Price Challenge
by careinke » Fri 12 Feb 2016, 14:26:56
I'll take 18 cents for the low. Now we just need an all out Sunni/Shia war and I win. 
Cliff (Start a rEVOLution, grow a garden)
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Re: THE 2016 po.com Oil Price Challenge
by salinsky » Sat 13 Feb 2016, 01:57:37
How did I get knocked down to 6th place from 5th place?
Sal
Sal
If you believe something is true, then it must be true or you wouldn't believe it was true, therefore, everything you think is true, is true, or is it?
Señor Salinsky
A people's culture is their best ignorance.
SAL
Señor Salinsky
A people's culture is their best ignorance.
SAL
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Re: THE 2016 po.com Oil Price Challenge
by PeakOiler » Sat 13 Feb 2016, 06:06:03
$this->bbcode_second_pass_quote('salinsky', 'H')ow did I get knocked down to 6th place from 5th place?
Sal
Sal
Because there are two sorts: First is by Overall Difference (ascending), the second sort is by Name. Since you and Revi were tied by overall diff, then your name was sorted alphabetically. Not to worry, the standings will probably change by the next report.
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.
--Colin Campbell
--Colin Campbell
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PeakOiler - Intermediate Crude
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Re: THE 2016 po.com Oil Price Challenge
by salinsky » Sat 13 Feb 2016, 16:04:33
Thanks for the clarification. I'm still wondering what happened with SteinarN. Throughout the past year he was looking forward to be the winner, and when it came to pass, he didn't show up for the applause.
If you believe something is true, then it must be true or you wouldn't believe it was true, therefore, everything you think is true, is true, or is it?
Señor Salinsky
A people's culture is their best ignorance.
SAL
Señor Salinsky
A people's culture is their best ignorance.
SAL
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salinsky - Master Prognosticator
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Re: THE 2016 po.com Oil Price Challenge
by PeakOiler » Thu 25 Feb 2016, 07:39:40
The scorecard as of Feb. 22nd:
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.
--Colin Campbell
--Colin Campbell
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PeakOiler - Intermediate Crude
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- Joined: Thu 18 Nov 2004, 04:00:00
- Location: Central Texas
Re: THE 2016 po.com Oil Price Challenge
by obixman » Thu 25 Feb 2016, 13:24:22
Well - I seem to have settled in on 21st place comfortably
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Re: THE 2016 po.com Oil Price Challenge
by Revi » Fri 26 Feb 2016, 14:11:53
I am still #7, which is pretty good for me. I actually am in the top 10!!!!!! First time ever.
Deep in the mud and slime of things, even there, something sings.
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Re: THE 2016 po.com Oil Price Challenge
by PeakOiler » Wed 02 Mar 2016, 16:55:24
$this->bbcode_second_pass_quote('salinsky', 'T')hanks for the clarification. I'm still wondering what happened with SteinarN. Throughout the past year he was looking forward to be the winner, and when it came to pass, he didn't show up for the applause.
No prob. Yeah, I wonder what happened to SteinarN as well. I hope he is OK. SteinarN at one point was going to post and maintain a Brent Oil Price Challenge game. ???
No significant changes in the scorecard. Revi and I switched places.
Want to make another bet this year, Revi? LOL (I don't need any more maple syrup. I still have the last bottle of syrup frozen.)
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.
--Colin Campbell
--Colin Campbell
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PeakOiler - Intermediate Crude
- Posts: 3664
- Joined: Thu 18 Nov 2004, 04:00:00
- Location: Central Texas
