Quote:
Originally Posted by Harry Lime
Yes, an 18 year correlation of 0.92, and a correlation in the last 3 years of 0.80. Once you eliminate the last three years from the first number, the difference between the two becomes a 0.14 variance. That's significant.
Public perception of Oil and Gas is that of dishonesty and game playing. I think that has gotten worse over the last three years, and your graph seems to support that one reason might be because the price of gasoline is not calculated the same way that it was even four years ago.
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That correlation entirely ignores currency exchange without factoring currency in you cannot draw any conclusions beyond yeah it looks like it tracks.