1 Response to Think Presidential intent can’t effect oil prices in the short term? #rsrh

1. someone who understands economics says:

   February 28, 2012 at 6:59 am

   Look, I’m a conservative, but this chart is totally meaningless. Late July and into August was when a global panic was beginning to gather, and demand fell off a cliff. It had nothing to do with what you’re suggesting. My birthday was around the same time, but that also didn’t cause the step change – in fact there was no step change but a long grind lower (much lower) as the impending recession became more and more serious.

   Reply

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