Well, the results are in.
A commentary and link to my 2015 report is located here:
http://www.mineralrightsforum.com/forum/topics/first-quarter-average-of-wti
Here is the chart.
| Average price West Texas Intermediate Crude (WTI) | Low Range Average | High Range Average | Mid Range Average | Actual |
| Q1 2015 | $36.47 | $56.47 | $47.47 | $48.48 |
| Q2 2015 | $38.01 | $58.01 | $48.84 | 57.85 |
| Q3 2015 | $40.38 | $60.38 | $51.00 | 46.49 |
| Q4 2015 | $42.28 | $62.31 | $52.83 | 42.17 |
| $50.04 | 50.94 | |||
My annual forecast was for WTI to be at $50.04. Actual spot price of WTI was $50.94. Historically, this is very typical of my annual forecasts. Even in the collapse of 2009, my forecast was within $2.00 per bbl on the annual average.
In my 3rd Quarter summary, I had huge concerns about the Iran deal. Apparently, now Saudi Arabia has huge problems with Iran as well, severing all diplomatic ties.
I was frankly surprised that the bill to repeal the prohibition on exporting crude oil made it through.
In the 3rd week of January, I will deliver to the readers of this forum my 2016 forecast. I suppose this falls into the category of "putting your money where your mouth is."
Best,
Buddy Cotten