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.
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edit: never mind. I don’t want to get into a math game because the point of the exercise was visual.
Quote:
Originally Posted by Harry Lime
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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The graph really only supports one conclusion. Gasoline prices track the price of oil really damn well.
The public perception you speak of is not rooted at all in fact. The data proves that. It is rooted in unsubstantiated emotion. This back and fort is evidence of that.