Chart ignores. 1) Wars. 2) Opec 3) increases in demand 4) macro economics from 1947 to 1970 https://twitter.com/NickSzabo4/status/699125633280946176 …
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@sytaylor Also ignores Suez Crisis + many other similar problems during BW era -- because such events are not main factor in oil volatility.
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@NickSzabo4 what about the regular crisis driven more than quadruple jumps in volatility? https://en.m.wikipedia.org/wiki/1973_oil_crisis … -
@NickSzabo4 can't ignore geopolitics - 1 more reply
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