Ready for $262/barrel oil?
Posted: Sat Jan 28, 2006 4:10 pm
STORM2K
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Ready for $262/barrel oil?
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Posted: Sat Jan 28, 2006 4:24 pm
whoever released those numbers needs to learn about precision, significant digits, rounding, and accuracy of assumptions. What ever assumptions are plugged into the analysis should be evaluated as far as their likely accuracy. Saying $262 turns me off. I'd pay more attention if they said $250 to $300 a barrel. I would probably come up with $263 in my own analysis. Who knows, it might be $264
Posted: Sat Jan 28, 2006 5:16 pm
coriolis wrote:whoever released those numbers needs to learn about precision, significant digits, rounding, and accuracy of assumptions. What ever assumptions are plugged into the analysis should be evaluated as far as their likely accuracy. Saying $262 turns me off. I'd pay more attention if they said $250 to $300 a barrel. I would probably come up with $263 in my own analysis. Who knows, it might be $264
Just as long as it don't hit $264.50 I'll be ok....
Posted: Sat Jan 28, 2006 6:00 pm
Do you guys know what over $200/barrel would mean at the pump. If you did, then you would think otherwise. Coriolis, when say "I would probably come up with $263 in my own analysis," but yet you berate what is written. YOUR OWN ANALYSIS IS NOT THAT FAR OFF FROM WHAT THEY WROTE. 
, BUT YET YOUR TURNED OFF FROM WHAT THEY WROTE.
, BUT YET YOUR TURNED OFF FROM WHAT THEY WROTE. Posted: Sat Jan 28, 2006 6:14 pm
um wxcrazy...you really need to think before you post.
Posted: Sat Jan 28, 2006 6:38 pm
wxcrazytwo wrote:Do you guys know what over $200/barrel would mean at the pump.
Petrol would probably reach the same price there it is here now.
Posted: Sat Jan 28, 2006 7:02 pm
P.K. wrote:wxcrazytwo wrote:Do you guys know what over $200/barrel would mean at the pump.
Petrol would probably reach the same price there it is here now.
LOL Yeah.......and in Arizona too
Not only are we getting "raked over the coals by Mother Nature, the Middle East is doing the same thing!" Only difference, you can fight the insurgents but you CAN'T FOOL Mother Nature! (old Parkay commercial!)
Dennis
Posted: Sun Jan 29, 2006 9:13 am
wxcrazytwo wrote:Do you guys know what over $200/barrel would mean at the pump. If you did, then you would think otherwise. Coriolis, when say "I would probably come up with $263 in my own analysis," but yet you berate what is written. YOUR OWN ANALYSIS IS NOT THAT FAR OFF FROM WHAT THEY WROTE.
Aw c'mon, I was being funny. I am not inclined to do my own analysis. False precision is a pet peeve of mine. High gas prices is another.
OK?
Posted: Sun Jan 29, 2006 5:22 pm
Call me a skeptic. I could see $100 oil in a spike, and that would be bad enough. However, at some price the demand will drop off bringing the price back down. I think that's way before $262.
Posted: Sun Jan 29, 2006 5:44 pm
gtalum wrote:Call me a skeptic. I could see $100 oil in a spike, and that would be bad enough. However, at some price the demand will drop off bringing the price back down. I think that's way before $262.
Yeah, I think you are probably right on target with your assumption.
Posted: Sun Jan 29, 2006 9:18 pm
$262 a barrel would be like $100 a gallon...OUCH...