With all the discussion, in the press;
and the focus on oil prices by financial markets
I thought I would post a real Crude oil price chart since 1973.
I have simply divided the Crude oil price by the US CPI.
The actual number is irrelevant, just the comparative levels over time.
As you will see, current prices are 50% below 1990 levels,
and well, well below 1979 levels.
So no oil price shock yet.
But obviously could go higher, on valuation grounds alone.
Food for thought.
and the focus on oil prices by financial markets
I thought I would post a real Crude oil price chart since 1973.
I have simply divided the Crude oil price by the US CPI.
The actual number is irrelevant, just the comparative levels over time.
As you will see, current prices are 50% below 1990 levels,
and well, well below 1979 levels.
So no oil price shock yet.
But obviously could go higher, on valuation grounds alone.
Food for thought.
