[waegari]

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.

[waegari]

??

$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.

[Cashmere]

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.

[Cashmere]

??

$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!

[waegari]

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.

[Serial_Worrier]

Economy in smoldering ruins.