I mentioned this morning that oil prices peaked in early March (actually March 13th):
as well as global trade (which had a peak in March).
It's interesting to note that the Real Clear Politics vote share for President Obama peaked just a few days earlier on March 7th:
I thought you would be interested in this post at Econbrowser on Peak oil and price incentives:
ReplyDeletehttp://www.econbrowser.com/archives/2012/06/peak_oil_and_pr.html