Money Heckova Job Bushies
posted by May 2 at 22:33 PMon
Correlation is not causation, but…
(The blue line is US GDP in billions of barrels of oil, at “current” dollars/prices for the given year. The red line is a four year moving average of the same. Values for 2008 are the current estimate for annual GDP over last week’s oil price.)
… check out the nifty inflection points in 1993 and 2001.
Now I want to do per-capita GDP in barrels of oil….