Same data, different angle
What story does this tell? Would you be optimistic or pessimistic looking at this data set? Do you see hope or concern?
I think it's pretty obvious that what we see is that oil has nestled around the $60 mark and stayed relatively close for almost three months.
Now, let's look at the same data set but pull it back six additional months.
What a difference a half year can make to a narrative. The same data from two different vantage points tells a completely different story. In looking at the second graph, you can more easily understand why vacancy rates have skyrocketed in Fort McMurray.
In this resource-based roller coaster ride, I'm still trying to understand why gas prices have crept back up to $1.20/litre is some locations? It would be interesting to graph those changes and then overlay it with the change in the oil price. I get the sense that the two might be slightly discordant.