Created Tue 30th Dec 2008 10:38am PST by 
ryanj
ryanj 
Will oil hit $20 a barrel in 2009?
Background: Oil prices are a funny thing, they're up they're down and they're everywhere. At first it was expected that oil prices were going to go up again, then they went down for a moment and now we're here. So in 2009, does $20 oil, seem plausible or even likely?
It's up to you, but the peeps at contrarianprofits are predicting it, albeit they don't think it will go any lower than that.
Contrarianprofits link
It's up to you, but the peeps at contrarianprofits are predicting it, albeit they don't think it will go any lower than that.
Contrarianprofits link
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Yes |
| ||||
| No |
|
Question suspends in 7 weeks
- Activity: H$87,080 |
- Predictions: 90 |
Comments: 3
Suspend date: Thu 31st Dec 3:59pm PST (7 weeks to go)
Initial likelihoods: Yes: 30%
Action history:
Created Tue 30th Dec 2008 10:38am PST by ryanj
ryanj
Suspended Wed 31st Dec 2008 2:31am PST by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: Are we talking about oil at $20 a gallon or oil at $20 a barrel, or actually gas at $20 a gallon or a barrel...
Just doesn't seem right...
bayoubear: Are we talking about oil at $20 a gallon or oil at $20 a barrel, or actually gas at $20 a gallon or a barrel...
Just doesn't seem right...
Changed Question text Wed 31st Dec 2008 6:58am PST by ryanj: ... Will oil hit $20 a gallonbarrel in 2009?
ryanj: ... Will oil hit $20 a
Unsuspended Wed 31st Dec 2008 7am PST by ryanj: Sorry for the confusion the market is asking about barrel prices, and has now been edited
ryanj: Sorry for the confusion the market is asking about barrel prices, and has now been edited
Changed Description Wed 31st Dec 2008 1:17pm PST by ryanj: show details
ryanj: show details ... So in 2009, does $20 gasoil, seem plausible or even likely? <?<br/> <br/> It's up ... go any lower than that. <.<br/> <a href="http://www. ... -2009/10676">Contrarianprofits link</a> <><br/>
Suspend date: Thu 31st Dec 3:59pm PST (7 weeks to go) details 
Get widget!Predictions (90)
vixen
predicted No (H$100 at 96%)
tuff_sledding![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted No (H$8,000 at 95%)
guruzilla
predicted No (H$50 at 93%)Comments (3)
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This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
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"2. Iran will save oil. OPEC’s spotty execution in cutting oil output will not stop oil prices from falling further. But Iran’s refusal to stop its nuclear development program will beget serious sanctions from the West, threatening Iran’s oil exports. Oil prices will hit $20 per barrel and then start rising again."
So I suppose you meant to ask if oil would hit $20 a barrel, not would gas hit $20 a gallon...
Apologies,
Ryan
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