1 Topic by Little Paul (edited by Little Paul 17-Jun-2008 18:06:12)

  • Posts: 2,163

Topic: Oil game

Maybe I should start a speculation thread again. smile If there are enough folowers that is. Post below if you want to compete. With about 6 people I'm willing to start. Else I won't. Rules are the same as last time but new idees are welcome.

so far in the game:
Freelancer
zoz

0 Dislike 0 Post Points

  • Posts: 216

Re: Oil game

Would like to compete although i do not know the rules

0 Dislike 0 Post Points

3 Reply by Little Paul (edited by Little Paul 17-Jun-2008 18:10:37)

  • Posts: 2,163

Re: Oil game

The concept is rather simple:
We all start with the same amount of cash. With that cash, you can buy barrels. You can buy or sell barrels at the price of the day. Everyday we update the price at the same time (eg 1pm GMT) and it remains the same for the rest of the day untill next update.

We take prices from this webside:
http://www.bloomberg.com/energy/
the price per b for Nymex Crude Future

eg: I have 200$cash and the daily price is 100$/barrel. I can choose to buy 1 or 2 barrels, or none and keep my money. If I buy 2 barrels, I can choose to sell them, or one of them, next day at the price of that day(preferably higher).  The trick is to know when to buy or sell. I.o.w. when prices will raise or fall. If prices will raise you buy to sell later at a higher price.

after a few weeks we stop and whoever has most cash wins.

A full and structure explenation comes later if there are people willing to play the game.

0 Dislike 0 Post Points

  • Posts: 2,163

Re: Oil game

Its an unrealistic game, but fun to play.

0 Dislike 0 Post Points

  • Han
  • Player
  • Offline
  • Posts: 305

Re: Oil game

Didnt we try this when oil was $70?

0 Dislike 0 Post Points

  • Posts: 2,144
  • Tag points: 25

Re: Oil game

umm that's the same as the IC stock competition i started

oh by the way, that ended if any of you didn't check --The Yell won ...he passed BW with his XRM tongue

0 Dislike 0 Post Points

  • Posts: 798
  • Tag points: 60

Re: Oil game

I'd play again.

☑ Saddam Hussein ☑ Osama Bin Laden ☐ Justin Bieber

0 Dislike 0 Post Points

  • Posts: 2,163

Re: Oil game

@han:
some tried, some won. And lol it has been lower as $70 during the game (and the dollar was still 1.2

0 Dislike 0 Post Points

  • Posts: 2,093
  • Tag points: 54

Re: Oil game

You're all part of the problem X(

0 Dislike 0 Post Points

  • Posts: 2,144
  • Tag points: 25

Re: Oil game

yeah the threads dissappeared paul

i think everyone just stopped logging on, except apparently yell tongue we all excpected BW to win...but down comes the underdog
yell had a nice pick though with XRM..it was as low as $1.70 at one time..and it's gone up to as much as $5.30

0 Dislike 0 Post Points

  • Posts: 1,161

Re: Oil game

Oh...crap.....

YELL !!!   Congrats..... nice pick, XRM.

Come .......joust w/the master.
I'm always Right.   You are just intellectually Left.....behind.
Individual patriot, and a REAGAN Conservative.

0 Dislike 0 Post Points

12 Reply by Gladiator (edited by Gladiator 18-Jun-2008 15:24:07)

  • Posts: 2,144
  • Tag points: 25

Re: Oil game

this time it's all about RIG

big_smile


EDIT: untill hurricane season sad

0 Dislike 0 Post Points

  • Han
  • Player
  • Offline
  • Posts: 305

Re: Oil game

Can I be a broker? I'll only charge 1% of all trades, then we can see who really makes the money.

0 Dislike 0 Post Points

  • Posts: 2,163

Re: Oil game

@han:
I need 6 players first and I got like 2

0 Dislike 0 Post Points

  • Posts: 7,941
  • Tag points: 14

Re: Oil game

how did I do? lol... lost interest, lol

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

0 Dislike 0 Post Points

  • Posts: 2,163

Re: Oil game

only 2 competitors. Not enough to start a game with. Pity.

0 Dislike 0 Post Points

  • Posts: 798
  • Tag points: 60

Re: Oil game

More people come along and join after the game starts, just go ahead with it.

☑ Saddam Hussein ☑ Osama Bin Laden ☐ Justin Bieber

0 Dislike 0 Post Points