[Lighthouse]

Well, the mid term elections are over. The price for a barrel of oil is still on $58 - $59. Where do you see it in December?

[sch_peakoiler]

$this->bbcode_second_pass_quote('Lighthouse', 'W')ell, the mid term elections are over. The price for a barrel of oil is still on $58 - $59. Where do you see it in December?

[mortifiedpenguin]

I predict no greater than $70 a barrel.

[sylviah]

I predict $82! No, I predict $87! Hell, I predict $152, why not.

Where are the doomers when you need them. I think we're all in the post-election doldrums. Everybody's mildly happy that the dems won, but we're all a little disappointed that the bottom hasn't dropped out as dramatically as foretold.

Don't worry, fellow doomers, the best is yet to come. Paciencia, as our brothers down south would say.

[Concerned]

$this->bbcode_second_pass_quote('sylviah', 'I') predict $82! No, I predict $87! Hell, I predict $152, why not.

Where are the doomers when you need them. I think we're all in the post-election doldrums. Everybody's mildly happy that the dems won, but we're all a little disappointed that the bottom hasn't dropped out as dramatically as foretold.

Don't worry, fellow doomers, the best is yet to come. Paciencia, as our brothers down south would say.

[TorrKing]

$64,30

[IslandCrow]

For over a month, the price for Brent seem to be stuck at the $ 57/58 range (at least on a 20 day moving average). However, there seems to be a lot of volutity around this range (the extra volutity seemed to start in late July).

The last month or so has made it clear that I do not know how to factor into my predictions likely results of demand destruction (even small amounts). However, with us moving towards winter, I would expect the price to pick up a bit so lets say in the low $60s.


Disclaimer: This new estimate is substantially below an earlier one I made so it is not worth the paper it is printed on.

[AZpeaker]

Don't forget, the US fed has deferred refilling the SPR depleted in the aftermath of Hurricane Katrina. So, demand is still artificially low. IMHO, SPR refilling will push oil prices back in to the $70's. Until then, enjoy the $2 and change gas at the pump.

[pogoliamo]

in the range 50$-52$

[perdition79]

$this->bbcode_second_pass_quote('AZpeaker', 'U')ntil then, enjoy the $2 and change gas at the pump.

[JustinFrankl]

For December I really have no clue, but I'd say it will trade somewhere between $62 and $80.

[TommyJefferson]

$this->bbcode_second_pass_quote('perdition79', 'D')oes anyone here think that gas prices will rise more slowly during the next run on crude?

[sch_peakoiler]

So its pretty much the end of december and it is 60 (nymex light sweet).

Well, almost all forecasts in this thread came true.

[Euric]

$this->bbcode_second_pass_quote('Concerned', '
')
Actually a low oil price right now is great for true doomers It just promotes over consumption and a business as usual approach.

End of this year hmmm... I'd hazard a guess of between 55-70.

Want to know a true doomer scenario. LONG plateau with business as usual then MASSIVE sharp declines Hell yeah bring that one on for doom LOL :D

Essentially the market pricing mechanisms would lead people to think hey we got over oil at $78 lets buy hummers again and then *POOF* ten years later we're off the side of the energy cliff.

[pogoliamo]

$this->bbcode_second_pass_quote('Euric', '
')Americans think for the now, for the moment and don't care about tomorrow. That is someone else's worry.

[TommyJefferson]

Latest NYMEX Crude Oil futures prices:

Price per barrel for delivery in:

Feb 2007 $61.05
Mar 2007 $62.38
April 2007 $63.26
May 2007 $63.95
June 2007 $64.54
July 2007 $65.04

Perhaps this summer I will be able to pull off the great American family road trip after all.

[pogoliamo]

$this->bbcode_second_pass_quote('pogoliamo', 'i')n the range 50$-52$

[TommyJefferson]

These graphs indicate crude prices climb during the spring, and fall during the winter:

http://futures.tradingcharts.com/hist_CO.html


Two weeks later, future prices of light sweet are going even lower.

Latest NYMEX Crude Oil futures prices:

Price per barrel for delivery in:

Feb 2007 $50.48
Mar 2007 $51.83
April 2007 $52.59
May 2007 $53.35
June 2007 $53.98
July 2007 $54.55

WOW. Some people are losing the farm on these.

[eastbay]

And notice the bottoms aren't reached until the first week or two of February. Yikes.



Edited for silly typo.....