Return
Graph# 17
$/barrel vs Time
Data from: EIA
balck curve, complex exponential equation derived from ETP model
1900 = year zero (0) 
The black curve, which is derived from the ETP model, gives the predicted price of crude. The black dots are the actual prices reported for WTI by the EIA. The average deviation between the curve and actual prices is $0.00 for 1960 - 2009. Movement below or above the curve during that period was exactly compensated for by an equal movement later in the opposite direction.