inthemoney

Oil Breaks Below $60

So many issues with this chart, but I'll just give you a couple of points: is the cost of oil production now the same as in 2001 , is supply/ demand ratio the same, how about rate of inflation ? Is the growth in demand for oil is linear? Not every relationship in nature could be reflected correctly by a simple linear trend. As the population growth is not linear, so is the demand for oil.