If you look at this chart and think about this a bit, then I already achieved a lot of what I set out for here. Even if you go no further you cant help but be a little "touched" by this chart and what they might mean.
For a guy who was interested in energy prices and their effects on society, this was it. This was the chart that made it all happen for me.
Of course this didnt happen overnight. Ive been quietly paying attention since - oh about September 2001 when some airplanes were flown into some important buildings in the United States. You can see what has happened since then.
This chart shows the price of WTI oil as traded on the New York Mercantile Exchange in US dollars. The chart comes from the NYMEX website and you can create your own graphs all day long there. What fun!
Its the king of all the charts - the source of debate, worry and for some a source of great wealth.
Here is a cleaner version from Gasbuddy.com showing gasoline prices and oil prices for the last 6 years (up to 2008)
Im going to let you look at those charts and think about it some.
Next post, what do they REALLY show, and what are the possible causes for such a dramatic price rise.
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