Bending the Third Rail
Because We Should, We Can, We Do
Thursday, October 19, 2006
Price Adaptation
Here's a swell picture of gasoline price adaptation:



Sure looks like a trend of higher highs and higher lows to me. But who knows, perhaps we'll break the trend to the downside. On the other hand, there's that pesky OPEC production cutback in the pipeline. Since we've demonstrated that our economy can tolerate >%50/barrel oil, does anyone really think oil producers will be happy with $30 oil ever again?
Written at 2:33 PM by Greyhair.
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