I don't think there's anything revealing in that graph.
I've got it all worked out.
Low oil prices will stimulate demand: people will use more heating oil in the Northern Hemisphere. In Australia we will find air fares plummet ($1500 return to London) so we will holiday in Phuket/Bali/Singapore (or wherever), we will use our cars more often to spend time at the beach shack, Sunday drives and we will use our beach buggies and boats. (The tourist town where I live is dead when the economy falters or when petrol prices go sky high so I know all about discretionary spending)
I figure demand for oil will rise around 20% and oil prices per barrel will be $80-$90 /barrel by end of January.
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