Wednesday, 8 July 2009

Quiz of the day: 2010 oil price

One year ago today the oil price was $147 per barrel. Oh, what a different world it was then pre-Lehman bankruptcy and the meltdown of September to October.

Today the price of oil hovers around $62, a huge discount to last year, but nonetheless 100% up since the lows earlier in the year of $31 dollars.

These are indeed the ups and downs of the Assyrian Empire.

So in an extra special competition I want you to guess predict the price of Oil a year from today.

Anyone who gets it right (rounded down to the nearest whole dollar) wins that amount of Money from me this time next year.

So what do you think, deflation, hyperinflation or more of the same?
(Answers in the comments, competition entry closes midnight 8/7/09)

24 comments:

dearieme said...

20 bucks

Budgie said...

102 dollars

mad said...

$75

Bill Quango MP said...

$108

Edindie said...

$2 more than whatever Nick says.

Although if he's not allowed to play, I'll plumb for $92.

Anonymous said...

$89 this time next year, $120 by the end of 2010.

Blue Eyes said...

In "real" terms, $30

In "nominal" terms, $62

Hairy Arsed Bloke said...

I know I'm being a pedant, but my database shows CL peak just shy of 147 bucks on the 11th july 2008.

Scan said...

$137

Dex said...

55 dollars

JS said...

$48

AntiCitizenOne said...

It won't be priced in dollars.

Steven_L said...

$117 - a complete stab in the dark but £117 is about the minimum I'd bother coming over to London to collect from you.

Saturn V said...

$99
with a flake in it.

Steven_L said...

Off topic - this made me laugh:

http://tinyurl.com/lcl2va

Nick Drew said...

Edindie - thanks for your vote of confidence, but ...

$ 46

Theo Spark said...

$200. there is trouble brewing in the Middle East

idle said...

$69

Anonymous said...

4,000rmb

Barking Spider said...

$130

James Higham said...

If it drops below 38, Russia is in trouble.

Anonymous said...

Fuck knows !

A Little Cynical said...

The price of oil will surely be whatever Gordon Brown (and his new best friend, Sarkozy) tells us it should be. He's going to abolish boom and bust in the commodity markets now.

CityUnslicker said...

Thansk one and all...will have to remember to look this up in a years time!