Bending the Third Rail
Because We Should, We Can, We Do
Monday, September 18, 2006
Perspective
I thought you all might enjoy this chart. It gives a little perspective on the recent "decline" in oil prices (click to enlarge):


Indeed, oil and gasoline prices have declined from the high. But historically they are still at very high levels and unlikely to retrace back to the lows .... that is without there being a serious recession.
Written at 8:55 AM by Greyhair.
1 comments
1 Comments:
Blogger Lynne said...
Interesting to note where oil prices were during Clinton's tenure.
9:10 AM  
Post a Comment
<< Home