- Rongone
- Sentient Being
Offline 
- From: Keeping Calm, Sailing On
- Registered: 1/31/2015
- Posts: 2,872
Re: Obama vetoes Keystone XL
TheLagerLad wrote:
I guess it's all in how you define "stability".
40-60% swings from Jan. 2010 to Jan. 2015 (or whatever that far right vertical line is supposed to represent)
Or 30% swings from Feb. 2011 to Aug. 2014.
If that is the definition of pricing stability, then the increase in the price of my multigrain Cheerios over that same period is a real bargain.There are certainly going to be dips and peaks, but if you look from Feb 2011 to August 2014, for the most part oil didn't go $10 above or below the $110 a barrel mark. That's what I mean by stability.
My idea of stable oil prices would be around 1983 until 1998
- tennyson
- Exchanger
Offline
- Registered: 2/06/2015
- Posts: 6,654
Re: Obama vetoes Keystone XL
I guess it's all in how you define "stability".
40-60% swings from Jan. 2010 to Jan. 2015 (or whatever that far right vertical line is supposed to represent)
Or 30% swings from Feb. 2011 to Aug. 2014.
If that is the definition of pricing stability, then the increase in the price of my multigrain Cheerios over that same period is a real bargain.There are certainly going to be dips and peaks, but if you look from Feb 2011 to August 2014, for the most part oil didn't go $10 above or below the $110 a barrel mark. That's what I mean by stability.
My idea of stable oil prices would be around 1983 until 1998
Interesting that in 1983 gas prices were about $1 a gallon. Also interesting that according to the CPI calculator below a $1 in 1983 would cost you $2.38 today.
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"