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Saturday, September 16, 2006

An Economic Observation


Is it Adam Smith's invisible hand of the marketplace? OPEC? Administration energy policies? The greater availability of computer technology? Luck?


Why -- despite oil price fluctuations, terrorist attacks, changes in government, increasing energy demands -- has the flow of imported oil become so stable in the last fifteen years relative to the
volatile oscillations seen in the previous fifteen years?


Data Source: U.S. Census Bureau