amerk73
Champion Author
Dallas
Posts:4,709
Points:1,155,235
Joined:Oct 2008
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Message Posted: Mar 12, 2010 9:15:54 AM
WE HAVE WAIT AND SEE WHAT HAPPEN
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mmproteus
Veteran Author
Ohio
Posts:378
Points:663,810
Joined:Apr 2008
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Message Posted: Mar 12, 2010 9:03:20 AM
I especially liked that there is little positive correlation with prices. Oil production didn't increase in 07/08 when gas prices and oil prices were ending the modern way of life. Real inelastic supply.
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55panhead
Champion Author
Maine
Posts:3,614
Points:527,465
Joined:Mar 2007
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Message Posted: Mar 12, 2010 8:47:42 AM
There is a lot of information and links from this site how much we produced in 83 compared to today and see the times that production dropped off sharply and match them to price jumps it is very obvious.
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