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Old 04-28-2006, 04:36 PM   #625
Hank Chinaski
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Stability in the MidEast

Quote:
Originally posted by Shape Shifter
For you to have a chance with Eva, you need to learn to read a graph.

The price actually dipped after 9/11. It then rose in the run-up to the invasion, dipped after it appeared we were "successful" and has more or less been rising steadily since it became apparent we were not as successful as we had thought. Worldwide demand has been relatively constant (despite what we here about India and China drinking all our oil), and supply has not changed. Regional instability boosts the futures prices for oil, which are reflected immediately in the price you pay at the pump. W has increased regional instability in a region that has never been all that stable in the first place.
ummm no. it appears it dipped for a few months right after 9/11 but has been rising steadily since. a short term anomaly like the 2 month dip is irrelevant- unless you can point to something in 11/01 that might otherwise explain the rise.
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