Researchers Didier Sornette and Ryan Woodard of ETH Zurich in Switzerland and Wei-Xing Zhou of the East China University of Science and Technology in Shanghai, China think so :
In their analysis, the team gathered data on oil prices since 2005 in US dollars, euros, and other major currencies (to confirm that the results are not a consequence of the weakening of the US dollar). They also examined worldwide oil supply and demand data, specifically investigating the extent of increased demand from emerging markets such as China and India.
Then, the researchers analyzed this data using a method that Sornette’s group started to develop in 1996 that identifies bubbles as “transient superexponential regimes” – basically, areas of rapid growth that occur due to a source of positive feedback within the system. The scientists looked at the data in the context of three different models, and all three models revealed the existence of a “log-periodic power law,” in mathe...
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Cobra Commander ‘08From: feeds.feedburner.com
Post Date: 2008-05-20 22:39:33
I know I haven’t been around much, but the political season has started and since Pandora Peaks has refused to announce her candidacy for President I have been out door belling for my backup candidate - Cobra Commander.
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Post Date: 2008-05-19 17:54:30
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