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re: Oil prices expected to drop? "Expect $50 oil, but not $2 gas"

Posted on 7/15/13 at 6:38 pm to
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40087 posts
Posted on 7/15/13 at 6:38 pm to
Who remembers $12/barrel Texas Sweet Crude? Or maybe it was Louisiana sweet... been a long time.
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 7/15/13 at 7:46 pm to
1998 was the last time....possibly a good example of market inefficiency or a flaw in the free market as the price was completely detached from reality.
Posted by dewster
Chicago
Member since Aug 2006
25395 posts
Posted on 7/15/13 at 8:10 pm to
You kind of dated yourself on that one. $12/bbl had to have been 30 years ago.
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