One 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

Leave a Reply Cancel reply

Enter your comment here...

Fill in your details below or click an icon to log in:

Email (required) (Address never made public)

Name (required)

Website

You are commenting using your WordPress.com account. ( Log Out / Change )

You are commenting using your Twitter account. ( Log Out / Change )

You are commenting using your Facebook account. ( Log Out / Change )

You are commenting using your Google+ account. ( Log Out / Change )

Cancel

Connecting to %s

Notify me of new comments via email.