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comment by Meriadoc
Meriadoc  ·  3999 days ago  ·  link  ·    ·  parent  ·  post: Ask Hubski, Reposts, and The Better Angels Of Our Nature




wasoxygen  ·  3999 days ago  ·  link  ·  

Can anybody give me an over-under for one barrel of Light Sweet Crude come December 2015? It is hovering just under $100, and I think I will need it below $90 if I am to have any chance of a win.

b_b  ·  3447 days ago  ·  link  ·  

Not sure my prediction is going to come to fruition. I'll have to remember somehow to revisit this in six months.

b_b  ·  3998 days ago  ·  link  ·  

I think it will rise modestly. At least I hope. I think a more robust economy will drive up oil prices again, so hovering around $100 for the next two years I think would signify continued stagnation and high unemployment. I'll say $120.

Meriadoc  ·  3998 days ago  ·  link  ·  

Is that possible now? Wasn't a resolution passed such that crude can't drop below something close to $88/barrel to avoid economic disaster or some such?

wasoxygen  ·  3998 days ago  ·  link  ·  

Cheap gas sounds like just the kind of disaster the feds would be interested in preventing, but I can't find any evidence of such a minimum.