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For the Record

10. June 2008, 9:32 Uhr• Commodities and mining, • Investing, • StocksPhantasmix

Photo credit: gnuf

My friend and I have bet on oil price: he says oil price will drop to $100 first, and I say we see $200 before $100.

Should I win - and of course I will - my reward will be cheesecake.

4 comments:

  1. The Sarcasticynic, 10. June 2008, 20:54

    I don’t think we’ll see either.

     
  2. Phantasmix, 10. June 2008, 21:43

    You think it’ll stay in between?

    How much is gas in your (geographic) area?

     
  3. The Sarcasticynic, 11. June 2008, 5:32

    Yes. Though I don’t think we’ll ever see $100 a barrel again, I think it will be a really long time for it to reach $200. (That said, I remember in the ’70s a gas station attendant, who was filling my tank with seventy-five cents a gallon gas, telling me he heard gas may reach a dollar a gallon. I said I don’t think it will ever get THAT high.)

    Yesterday I filled the Corvette with premium gas for USD 4.239 per gallon.

     
  4. Phantasmix, 11. June 2008, 8:38

    Well, we didn’t put a time limit on the bet, so you see why I’m confident about winning it? :)

    To be more specific, I think we’ll see $170-180 this year.

    I don’t watch gas prices very closely, but noticed it’s at about $1.30/litre here ($4.90-$5.20, depending on your gallon).

     

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