[shortonsense]

$this->bbcode_second_pass_quote('mos6507', '
')And God forbid anyone claim that doom isn't literally hours away or they will be accused of heresy and burned at the stake.

[mos6507]

$this->bbcode_second_pass_quote('TheDude', 'G')ive me a data point.

[SeaGypsy]

Bravo Mos, probably your best essay I've read here.

[shortonsense]

$this->bbcode_second_pass_quote('SeaGypsy', '[')smilie=3some.gif] Bravo Mos, probably your best essay I've read here.

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', 'Y')ou all hate me because I am an expert.

[dorlomin]

$this->bbcode_second_pass_quote('pstarr', 'L')ike Brutus I have slung the arrows of infamy

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('pstarr', 'L')ike Brutus I have slung the arrows of infamy

[dorlomin]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('pstarr', 'L')ike Brutus I have slung the arrows of infamy

[Tyler_JC]

Everyone is missing the monetary element.

The Federal Reserve controls the money supply. The Fed makes money cheap in order to allow the economy to grow quickly. Cheap money makes it easier to get capital for investment and reduces interest rates so consumers can get loans. Cheap money creates an economic boom. This economic boom pushes up demand for commodities like oil, wheat, copper, steel, etc.

As demand grows faster than supply, the price of commodities jumps. Then manufacturing prices jump...then retail prices...

Then the Fed decides that the economy is growing too quickly and pulls the reins in, pushing up interest rates, crashing speculative bubbles, and bringing us into recession.

The boom years push up oil prices, recessions pull them back to Earth.

It's not the high oil prices that are causing the recession. They are just a symptom of an underlying monetary phenomenon.



Doesn't that look like a better correlation than this one:

[mos6507]

$this->bbcode_second_pass_quote('pstarr', 'Y')ou all hate me because I am an expert. God! I have tried to be a kind and generous leader. I have licked your wounds, bound your nether regions, and have prostrated myself before your consensus. Like Brutus I have slung the arrows of infamy and in a resounding call to hams I have been rejected. Like a brontasauraus before the little velicoraptors. I am befuddled. Woa is me.

[Ludi]

$this->bbcode_second_pass_quote('mos6507', ' ')I had (what I think) was an anxiety attack last week and was in the ICU with an IV in my arm over cumulative stress and worries over how I'm going to get myself and my daughter through

[SeaGypsy]

MACBETH
She should have died hereafter;
There would have been a time for such a word.
To-morrow, and to-morrow, and to-morrow,
Creeps in this petty pace from day to day
To the last syllable of recorded time,
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more: it is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.

[mos6507]

$this->bbcode_second_pass_quote('pstarr', '
')Then bludgeon people repeatedly. Like when you just stated that $120/barrel is reasonable, but $147 is fake.

[dsula]

Are you serious, Gentlemen? Fighting over such detail? Real-estate was supposed to happen with or without PO. PO made it happen a bit sooner. The same as chronic trade gap will eventually bring the US down to 3rd world level (if nothing changes). PO will only make it happen faster. The same as population growth will eventually lead to famines, with or without PO. PO will just make it happen faster.

[Tanada]

$this->bbcode_second_pass_quote('Olaf', 'I')nteresting web page that I came across. Someone has probably posted it before, but thought I would share.

http://www.shadowstats.com/

Olaf

[rangerone314]

$this->bbcode_second_pass_quote('mos6507', 'I')mports don't tell the whole story. Price is more important, and we all know oil prices in the early 90s were at historic lows, imports or no imports.

[rangerone314]

$this->bbcode_second_pass_quote('bratticus', '')$this->bbcode_second_pass_quote('diemos', '')$this->bbcode_second_pass_quote('bratticus', '
')
Do you have any explanation of why this was done?