| View previous topic :: View next topic |
| Author |
Message |
waegari
Senior News Editor
![]()
Joined: Jun 28, 2005
Posts: 523
Location: The Netherlands
|
 Posted: Wed Jul 09, 2008 1:26 am Post subject: Re: Let's not lose sight of the big picture |
  |
|
| Hogan wrote: | Let's not lose sight of the big picture:
Since bottoming out at around $27 in December 2006, oil has been on an incredible price rally since, increasing about 500% in only 1.5 years. |
Completely agree we shouldn't lose sight of the big picture, but by your own graph, the rise is 200%, like in 'double'. Bad and significant enouh, though.
_________________
The greatest shortcoming of the human race is our inability to understand the exponential function.
Al Bartlett |
|
| Back to top |
|
 |
waegari
Senior News Editor
![]()
Joined: Jun 28, 2005
Posts: 523
Location: The Netherlands
|
| Posted: Wed Jul 09, 2008 1:43 am Post subject: Re: Let's not lose sight of the big picture |
|
|
| Hogan wrote: |
??
$27 oil x 5 = $135 oil
$27 oil x 2 = $54 oil |
It depends where you start counting. On the far left of your graph the price stands at $76.
_________________
The greatest shortcoming of the human race is our inability to understand the exponential function.
Al Bartlett |
|
| Back to top |
|
|
Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
|
| Posted: Wed Jul 09, 2008 1:45 am Post subject: Re: Let's not lose sight of the big picture |
|
|
| Hogan wrote: | | waegari wrote: | | Hogan wrote: | Let's not lose sight of the big picture:
Since bottoming out at around $27 in December 2006, oil has been on an incredible price rally since, increasing about 500% in only 1.5 years. |
Completely agree we shouldn't lose sight of the big picture, but by your own graph, the rise is 200%, like in 'double'. Bad and significant enouh, though. |
??
$27 oil x 5 = $135 oil
$27 oil x 2 = $54 oil |
Hogan - I note playfully - place hands on shoulders - pull sharply downward - repeat until head is pulled from ass. 
The "27.07" on you graph is not a value on the Y-axis - instead, it is part of the cluttered X-axis.
The low value on the Y-axis is just below 57.
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
|
| Back to top |
|
|
Cashmere
Light Sweet Crude
Joined: Mar 27, 2008
Posts: 1971
|
| Posted: Wed Jul 09, 2008 1:49 am Post subject: Re: Let's not lose sight of the big picture |
|
|
| waegari wrote: | | Hogan wrote: |
??
$27 oil x 5 = $135 oil
$27 oil x 2 = $54 oil |
It depends where you start counting. On the far left of your graph the price stands at $76. |
Friggin awesome!!
It's the blind correcting the blind!
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group. |
|
| Back to top |
|
|
waegari
Senior News Editor
![]()
Joined: Jun 28, 2005
Posts: 523
Location: The Netherlands
|
| Posted: Wed Jul 09, 2008 2:15 am Post subject: Re: Let's not lose sight of the big picture |
|
|
| Cashmere wrote: |
Friggin awesome!!
It's the blind correcting the blind! |
Partly, but not quite: this drop is only temporary, just like the one around $ 86.58 some months later. You usually don't count in temporary drops when establishing a general trend.
_________________
The greatest shortcoming of the human race is our inability to understand the exponential function.
Al Bartlett |
|
| Back to top |
|
|
Serial_Worrier
Heavy Crude
Joined: Jun 05, 2008
Posts: 276
|
| Posted: Wed Jul 09, 2008 11:30 am Post subject: Re: Let's not lose sight of the big picture |
|
|
Economy in smoldering ruins.  |
|
| Back to top |
|
|
|
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
