Saturday, April 05, 2008

The effects of terrorism.

Many economic forecasters feel us to be at the peak of the rising cost of crude oil and gas at the pump. I found it interesting that gas prices are expected to fall (after adjusting for inflation) for the next decade or so before resuming their standard positive trend. Enough words, here is the picture.The y values are gas prices at the pump in 2005 cents. The good news is: the effects of terrorism are not permanent. When we label the trend of fuel costs... the 9/11 induced spike shows us the exact effect of terrorism (Depending on your political bent you could argue the situation was or wasn't aggravated by the government... but I don't think anyone would argue 9/11 started the spike).

Anyway... I found some of that interesting.


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