The Oil Drum | We almost hit $100. What is the most likely path for oil prices over the next year (thru 2008)?

We almost hit $100. What is the most likely path for oil prices over the next year (thru 2008)?

Posted by nate hagens on December 16, 2007 - 12:31pm

Sustained Chinese/Indian demand, reduced exports, and inflationary impact of credit bailout -super spike to $250

4% (28 votes)

Credit crunch unfolds, but facts emerging on limited world exports are stronger - oil breaks $150

24% (162 votes)

Hedge funds and oil consumers are whipsawed between impacts of credit crunch and oil plateau -volatile range between $70-$130

63% (432 votes)

A worldwide recession/depression trumps decline rates via lowering of demand and we settle back down to $50.

4% (28 votes)

Megaprojects come online, combined with a much slower economy, and that marginal barrel sees $30 again.

0% (3 votes)

The futures market is the most efficient mechanism for prices - it is forecasting $85 for next Decmeber so thats my guess.

5% (36 votes)

Total votes: 689

We almost hit $100. What is the most likely path for oil prices over the next year (thru 2008)?

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We almost hit $100. What is the most likely path for oil prices over the next year (thru 2008)?

We almost hit $100. What is the most likely path for oil prices over the next year (thru 2008)?

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