re: Oil prices past 10 years graph question.

Not since June. Doc released me last week to play. Permanent brace will be in tomorrow or Friday. Went to the practice range today but couldn't see well enough to do anything.

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100% incorrect. The price spiked on high demand and limited capacity (outside of the OPEC cartel). Obama and the democrats said we couldn't drill our way out of the shortage and they were dead wrong. Domestic producers substantially increased production, mosty through fracking, and Saudi lost market share. Saudi has kept their foot on the production throttle the regain their share and now the world is awash with more oil than it needs. It is exactly, supply and demand.

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So what I'm understanding from you and Slackster's post is a robust world economy coupled with the many actions in Nigeria, Iraq, Scotland etc. caused a slight shortage, thus demand was greater than supply. Makes sense.