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Environment & Energy

GliderGuider

(21,088 posts)

2. There was one interesting tidbit in the article.

Reply to kristopher (Original post)

Thu May 3, 2012, 06:00 PM

May 2012

Last edited Thu May 3, 2012, 06:49 PM - Edit history (1)

The bit about energy and food prices rising dramatically following the trough of the major recession in 2008-2009.

Here's the visual evidence:

Oil rebounded by 130% from April 2009 to April 2011, while food bounced up by 63% over the same period.
From the low point in the trough in February 2009 to April 2011, the rise was 180% for oil and 70% for food.

It's no wonder there hasn't been a recovery.

And oil and food prices are still tracking each other. Over the last 7 years, since we entered the Peak Oil plateau, they have correlated to 88.5%

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