Here's a chart being used to a different purpose that shows the pattern:
Major crude oil price drops during last 30 years pic.twitter.com/4hf3iLZsCo
— Nick (@NickatFP) January 10, 2015
More to come.
Monday, January 12, 2015
Oil: This Time May be Different
One of the first things to jump out of Izabella Kaminska's earlier post "A capital contango, and why oil storage economics may be dead" is that the history of price crashes immediately followed by V-bottom recoveries may not happen this time.
Here's a chart being used to a different purpose that shows the pattern:
Here's a chart being used to a different purpose that shows the pattern:
