Friday, July 20, 2007

Oil Inflation Adjusted / Chart Of The Day

On top of this i recommend Can the Fed control prices? from Mish

Passend zum Thema empfehle ich den o.g. Link von Mish

The price of crude oil is rising once again. Today’s chart provides some perspective to the latest price spike with a long-term view of West Texas Intermediate Crude.

One point of interest is that oil is trading near 25-year highs but still well below the inflation-adjusted highs of 1980. It is also interesting to note that most oil price spikes were a result of Middle East crises and often preceded or coincided with a US recession.

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