Wednesday, June 08, 2011
The "complete history" of the price of oil, reconciled against world events:
Fire at will in the comments with reference to energy policy or the lack thereof. I will be in the air for the next six hours, and will delight in robust discussion in my absence.
Carter-spike. Obama-spike. Coincidence? Maybe...
The graph shows oil now soaring in 2010 dollar terms.
The serious point is that we can swap perspective, take oil as the value benchmark, and say the dollar is getting cheap.
The more interesting point is not Carter/Obama - it is the end of seriously trying to stop communism in SE Asia (1969). That is the point the media realized they could lie to the public and influence voting to accept marxist rule. Sun Tzu would be proud.