For Posterity 3!
Operative phrase for calculation "Annual Average"....not daily, not monthly......now that the 2008 year is over annual.
My basis is an argument for Hemi annual
The average price per barrel of oil running thru July 08 was $100+
Yes you are correct, Dec average was $29.12 for the month, however December is only 1/12 of the year.
Care to guess what the average price for oil was for the year of 2008?
No question it was greater than $29.15 AND I will bet it also exceeds my $51.00 per barrel average annual number used for my projection.
Kels