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Posted on 3/20/20 at 8:08 pm to Paul Allen
quote:
want to say around 2015 or so it got low. Anyone recall when the last time it was sub $20?
Low IQ Paul Allen
Posted on 3/20/20 at 8:09 pm to SabiDojo
Oh, we're flattening the curve.
All the curves.
All the curves.
Posted on 3/20/20 at 8:10 pm to Strannix
quote:
Low IQ Paul Allen
Redundant
Posted on 3/20/20 at 8:12 pm to Paul Allen
Oil was roughly $10 a barrel in 1997. Adjusting for inflation it was the lowest it has been in a century.
Sub $20 today might be lower, adjusted for inflation. I'll have to dust off my economics degree and dig into this.
Sub $20 today might be lower, adjusted for inflation. I'll have to dust off my economics degree and dig into this.
This post was edited on 3/20/20 at 8:15 pm
Posted on 3/20/20 at 8:16 pm to Paul Allen
I think it was around $8 circa early 80s
Posted on 3/20/20 at 8:18 pm to joeleblanc
And 8 dollars in 84 was a hell of a lot more than 19 in 2020
This post was edited on 3/20/20 at 8:21 pm
Posted on 3/20/20 at 8:23 pm to Paul Allen
2002 was the last time it dropped below $20. 2009 and 2016 were the last two low points. That $60 price point had producers thinking about spending a lot more. This definitely doesn't.
This chart only goes to January.
This chart only goes to January.
Posted on 3/20/20 at 8:23 pm to Strannix
$8 in 1984 was $19.92.
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