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re: The irony of funding Ukraine is that the conflict is keeping oil prices high.
Posted on 2/23/24 at 12:33 pm to loogaroo
Posted on 2/23/24 at 12:33 pm to loogaroo
quote:
keeping oil prices high
"High"?
Assuming an oil price of $80/bbl today, the inflation adjusted price in 1973, just before the first oil embargo, would be $11.52. The actual cost of a barrel then was $24.78.
$80 oil is just about right for Louisiana revenues from severance.
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