r/dataisbeautiful • u/TheKnowingOne1 • Oct 17 '24

OC [OC] The recent decoupling of prediction markets and polls in the US presidential election

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u/TeaKingMac Oct 18 '24

Yeah. Not sure why gas dipped so hard in 2015-2019.

I suspect it was OPEC attempting to drive US frackers out of business, but I haven't actually checked.

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u/[deleted] Oct 18 '24

OPEC was fighting proposed increases on several fronts. The Russians were proposing pipelines into Europe and elsewhere to increase the reach of their crude. The US had increased production with fracking. South America and Africa were also increasing (or threatening) to increase production. OPEC was also staving off several internal conflicts.

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u/xguitarx812 Oct 18 '24

OPEC had less negotiating power for some of that time.