As the chances of Gadaffi being ousted are decreasing, oil prices are not. It tells me in the early stages of the crisis, the colonel staying was a solution, now Gadaffi's staying in power is becoming a liability.
Thursday, March 10, 2011
Gadaffi: Good of bad for oil?
I made this chart based on intrade figures and oil prices (iPath S&P GSCI Crude Oil TR Index ETN ).
As the chances of Gadaffi being ousted are decreasing, oil prices are not. It tells me in the early stages of the crisis, the colonel staying was a solution, now Gadaffi's staying in power is becoming a liability.
As the chances of Gadaffi being ousted are decreasing, oil prices are not. It tells me in the early stages of the crisis, the colonel staying was a solution, now Gadaffi's staying in power is becoming a liability.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment