Same data, different angle
I have a habit of checking out the oil price at least a couple of times each week. Our economy is so tied to what a barrel of oil is trading at that I think it's important to watch the trends. This is what the price of West Texas Intermediate has been doing for the last 6 months.
What story does this tell? Would you be optimistic or pessimistic looking at this data set? Do you see hope or concern?
I think it's pretty obvious that what we see is that oil has nestled around the $60 mark and stayed relatively close for almost three months.
Now, let's look at the same data set but pull it back six additional months.
What a difference a half year can make to a narrative. The same data from two different vantage points tells a completely different story. In looking at the second graph, you can more easily understand why vacancy rates have skyrocketed in Fort McMurray.
In this resource-based roller coaster ride, I'm still trying to understand why gas prices have crept back up to $1.20/litre is some locations? It would be interesting to graph those changes and then overlay it with the change in the oil price. I get the sense that the two might be slightly discordant.
What story does this tell? Would you be optimistic or pessimistic looking at this data set? Do you see hope or concern?
I think it's pretty obvious that what we see is that oil has nestled around the $60 mark and stayed relatively close for almost three months.
Now, let's look at the same data set but pull it back six additional months.
What a difference a half year can make to a narrative. The same data from two different vantage points tells a completely different story. In looking at the second graph, you can more easily understand why vacancy rates have skyrocketed in Fort McMurray.
In this resource-based roller coaster ride, I'm still trying to understand why gas prices have crept back up to $1.20/litre is some locations? It would be interesting to graph those changes and then overlay it with the change in the oil price. I get the sense that the two might be slightly discordant.
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