It seems you have JavaScript disabled.

Ummm.. Yeah... I'm going to have to ask you to turn Javascript back on... Yeah... Thanks.

Historic Price of Oil at Trader’s Narrative

Historic Price of Oil

Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

With the price of oil scrapping the underbelly of triple digits, lets step back and take a long term view of things. Below is a fascinating graph plotting the historic price of oil, both nominal and inflation adjusted. The data shows both barrel as well as at the pump (per gallon).

I had no idea that we are just now getting back up to where prices were in 1920! In fact, if you take out the 1979 oil crisis brought about by the Iranian revolution and the recent wars in the Middle East, the price of oil looks like it wants to go down, not up.

Imagine where it would be if OPEC didn’t exist to dictate as a pseudo-monopoly!

Click To Enlarge Graph:
historical price of oil

Source: NY Times

Enjoyed this? Don't miss the next one, grab the feed  or 

                               subscribe through email:  

No Responses to “Historic Price of Oil”  

  1. No Comments

Leave a Reply