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OPEC wants $75 oil...When will they get it?
Current forecast: No $75 oil before March 1, 2009 (79% chance
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Combining all predictions, the current most likely outcome is No $75 oil before March 1, 2009 with a probability of 79% (unchanged in last 1 day)
"Nov. 30 (Bloomberg) -- OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices back up to $75 a barrel."
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJWUVURs.PKo&refer=home
So OPEC wants $75 oil...I guess we should be lucky they're not looking at $100 plus.
"Ali al-Naimi, the oil minister of Saudi Arabia, OPEC’s largest exporter and its de facto leader, said yesterday that $75 a barrel represents a “fair price” needed to support investment in new fields."
And perhaps, realistically, $75 wouldn't be too bad...not with what we've seen the past few years.
SO...when will they get what they want? They always do!
Question will settle when oil first closes at $75.00 or higher on NYMEX.
Question suspends February 20, 2009.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJWUVURs.PKo&refer=home
So OPEC wants $75 oil...I guess we should be lucky they're not looking at $100 plus.
"Ali al-Naimi, the oil minister of Saudi Arabia, OPEC’s largest exporter and its de facto leader, said yesterday that $75 a barrel represents a “fair price” needed to support investment in new fields."
And perhaps, realistically, $75 wouldn't be too bad...not with what we've seen the past few years.
SO...when will they get what they want? They always do!
Question will settle when oil first closes at $75.00 or higher on NYMEX.
Question suspends February 20, 2009.
Settlement details:
As reported by a major mainstream news source.
Make your prediction!
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$75 oil by December 31, 2008 |
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$75 oil between 1/1/09 and 1/31/09 |
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$75 oil between 2/1/09 and 2/28/09 |
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No $75 oil before March 1, 2009 |
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Activity: H$72,194
Question suspends in 6 weeks
Suspend date: Fri 20th Feb 11:59pm PST (6 weeks to go)
Initial likelihoods: $75 oil by December 31, 2008: 20%, $75 oil between 1/1/09 and 1/31/09: 25%, $75 oil between 2/1/09 and 2/28/09: 25%, No $75 oil before March 1, 2009: 30%
Action history:
Changed Description Sun 30th Nov 2008 3:37am PST by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: show details
bayoubear: show details ... up to $75 a barrel." <."<br/> http://www.bloomberg.com/apps/news?pid=20601087&sid=aJWUVURs.PKo&refer=home <br/> <br/> So ... we should be lucky they;'re not looking at $100 plus. <.<br/> <br/> "Ali al-Naimi, ... minister of Saudi Arabia, OPEC ” needed to support investment in ... seen the past few years. <.<br/> <br/> SO...when will ... they want? They always do! <!<br/> <br/> Question will settle ... .00 or higher on NYMEX. <.<br/> Question suspends February 20,
Changed Description Sun 30th Nov 2008 3:38am PST by bayoubear: show details
bayoubear: show details ... up to $75 a barrel."<." <br/> /> <a>http://www.bloomberg.com/apps/news?pid=20601087&sid=aJWUVURs.PKo&refer=home <</a> <br/> <br/> So OPEC wants $ ... not looking at $100 plus.<. <br/> <br/> "Ali al-Naimi, ... seen the past few years.<. <br/> <br/> SO...when will ... they want? They always do!<! <br/> <br/> Question will settle ... .00 or higher on NYMEX.<. <br/> Question suspends February 20,
Suspend date: Fri 20th Feb 11:59pm PST (6 weeks to go)
more info...
Get widget!Predictions (95)
95 predictions
tuff_sledding
predicted No $75 oil before March 1, 2009 (H$100 at 79%)
predicted $75 oil between 2/1/09 and 2/28/09 (H$100 at 5%)
sweet_baby_rye
predicted No $75 oil before March 1, 2009 (H$500 at 93%)
thepeoplegeekllc
predicted No $75 oil before March 1, 2009 (H$3,500 at 90%)
destry
predicted No $75 oil before March 1, 2009 (H$10,000 at 90%)
predicted No $75 oil before March 1, 2009 (H$20 at 77%)
predicted No $75 oil before March 1, 2009 (H$50 at 77%)
predicted No $75 oil before March 1, 2009 (H$100 at 77%)
predicted No $75 oil before March 1, 2009 (H$20 at 63%)
rogi
predicted No $75 oil before March 1, 2009 (H$50 at 63%)
bdw3355
predicted No $75 oil before March 1, 2009 (H$50 at 62%)Comments (2)
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score: 10
Victoria Times-Colonist, Canada 1 week ago
There should be no doubt about OPEC's efforts to stabilize world oil markets, Saudi Arabia's Oil Minister said yesterday.. . "Don't doubt the ...
score: 10
Financial Post, Canada 1 week ago
There should be no doubt about OPEC's efforts to stabilize world oil markets, Saudi Arabia's Oil Minister said yesterday.. . "Don't doubt the ...
score: 10
Regina Leader-Post, Canada 1 week ago
There should be no doubt about OPEC's efforts to stabilize world oil markets, Saudi Arabia's Oil Minister said yesterday.. . "Don't doubt the ...
score: 10
Green Bay Press-Gazette, Wisconsin 1 week ago
To understand why OPEC's largest single production cut ever failed to lift oil prices, look no further than today's headlines. OPEC and other...
score: 10
Bloomberg 1 week ago
Crude oil rose after the United Arab Emirates said it would reduce production to comply with OPEC's supply curbs. . . Abu Dhabi National Oil Co...
OPEC abandoned an official price target almost four years ago and ministers expectations have changed throughout 2008 as crude rallied to a record $150 in New York in July, then fell below $50 this month. Ministers from Venezuela, Iraq, Algeria and Nigeria also said yesterday oil should cost at least $75.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJWUVURs.PKo&refer=home
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