Is Oil Fueling the Rise in Political Partisanship? - Souce Oil Price.net

Is Oil Fueling the Rise in Political Partisanship? By TOM THERRAMUS for OIL-PRICE.NET, 2011/11/21

In 2009 I published a chart in an article at Oil-Price.net that showed volatility in the price of oil had risen and fallen in a series of seven spikes during the prior decade. The turbulent year of 2008, when oil jumped to over $140 a barrel, was part of this series. But what was unexpected was just how early in the 2000s the signature of spiking volatility in oil price had gotten under way.

Further digging led to other surprises. It was found that each of the seven spikes in oil price volatility had been followed by knock-on impacts in the stock market, the price of gold and other economic indicators. Moreover, the relationship was not just confined to the 2000s. In another chart (Figure 1) it was shown that oil volatility spikes had closely preceded every US recession and market crash of the last 50 years.

Please feel free to comment to any of the posts on this blog. The intent is to start discussions on the subject content. If you have articles for post or comments about the blog in general please contact: Thank you Preferred Logistics----------- www.preferredlogistics.biz