Found it. I'll update it soon. $80 a barrel? Wow! Remember those days! Jesus. Oh wait... this is from last month.
Net Oil Exports and WTI / Nymex Price
Saturday, December 1, 2007
Net Oil Exports and WTI / Nymex Price
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4 comments:
Interesting to notice how the end-of-summer 2006 high Nymex price (hurricanes, fear of winter shortages) in combination with the contemperous surge in world export capacity, probably cause the subseuent drop in Nyme price to around $50.
So, if the decline continous we wont see prices below $80, that´s for sure. Probably more like above $120...
The data looks very interesting presented this way. I especially like the inflation-adjusted price series.
-Steve
It might be a good idea to post this graph to The Oil Drum and Energy Bulletin blogs whenever it is updated. That way more viewers can find their way to this great site.
-Steve
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