Year end Oil Price predictions please !

[Shadytree]

Year end prediction for the Oil Price please !

155 for me

Edited by Shadytree on Friday 27th June 10:23

[Maxf]

175 for me.

[Sillybilly]

62 for me

[Ade355]

152

[superlightr]

so this is how you whizz kids really predict the market and gamble the banks money.............

as good a way as any......

;)

[mcflurry]

I reckon the price will go the way of the dot-com boom...

[Sillybilly]

mcflurry said:

I reckon the price will go the way of the dot-com boom...

This is a given.

The only question is whether the bubble breaks this year or not.

[Sillybilly]

(in my opinion)

[stimmers]

100-125 for me, but i really know nothing about this.

Am i right in thinking its you lot in the city causing the surge in prices with your gambling on future prices ?

[Sillybilly]

stimmers said:

100-125 for me, but i really know nothing about this.

Am i right in thinking its you lot in the city causing the surge in prices with your gambling on future prices ?

That's what futures are for: price discovery

[kxaddict]

I can't see the govt' allowing prices to increase too much, its just too damaging to the economy.

[Sillybilly]

kxaddict said:

I can't see the govt' allowing prices to increase too much, its just too damaging to the economy.

what do you propose government do?

[HRG]

Shadytree said:

Year end prediction for the Oil Price please !

155 for me

Oi, don't get PH to do your trading forecasts for you...

[BJWoods]

Sillybilly said:

kxaddict said:

I can't see the govt' allowing prices to increase too much, its just too damaging to the economy.

what do you propose government do?

they could always invade Iraq.......

oh?

[AdeTuono]

kxaddict said:

I can't see the govt' allowing prices to increase too much, its just too damaging to the economy.

You're absolutely right. I'm sure Gordon's got a cunning plan up his sleeve. Maybe he'll suggest a boycott of all Shell petrol stations until they drop their prices. Can't believe no-ones thought of that one before.

[shadowninja]

AdeTuono said:

kxaddict said:

I can't see the govt' allowing prices to increase too much, its just too damaging to the economy.

You're absolutely right. I'm sure Gordon's got a cunning plan up his sleeve. Maybe he'll suggest a boycott of all Shell petrol stations until they drop their prices. Can't believe no-ones thought of that one before.

Hang on, you missed out Esso.

[kxaddict]

Sillybilly said:

kxaddict said:

I can't see the govt' allowing prices to increase too much, its just too damaging to the economy.

what do you propose government do?

Are they not already trying to resolve the problem? - Meeting in far east, working to increase supply.

[Sillybilly]

kxaddict said:

Sillybilly said:

kxaddict said:

I can't see the govt' allowing prices to increase too much, its just too damaging to the economy.

what do you propose government do?

Are they not already trying to resolve the problem? - Meeting in far east, working to increase supply.

Other than the price itself there is no problem. If you see what I mean. Assuming producers remaining at least grudgingly willing to trade (probably an unwise assumption) the only circumstance in which it won't correct itself eventually will be permanent and significant dollar devaluation... Otherwise it'll be coming from tar sands, coal etc etc. But these things take time.

I have a theory: if Iran is attacked it'll probably be sooner rather than later and most likely lead to a drop in the price of oil after a couple of months when it becomes apparent no one really liked them anyway- and the fear is put to rest.

[Scawie]

A lot of people a bit off the mark there...

[Brown and Boris]

I will say $85 by 31/12/09