Does History Rhyme?
Update on a graph I’ve been following for a few years, most recently last year, this one courtesy of Niall Ferguson.
Of course, this is just for fun. It’s easy to find spurious patterns like this in all sorts of data. And everything is calm in Iran today, unlike the Feb 1979 revolution and consequent oil price spike.
Just last month, the country came close to a major uprising followed by a severe crackdown. Iran isn’t central to the global oil industry, but had the revolution succeeded, we could have seen a funny coincidence.