4 ms·
Before 2008 oil was above 100$ per barrel, and dollar was worth a lot more back then.
by ReptileMan 2mo ago
Before 2008 oil was above 100$ per barrel, and dollar was worth a lot more back then.
- ghastmaster 2mo agoI often wonder how people so quickly forget this. That said, the inflation we have seen since could be such that $100/barrel today is equally or more burdonsome.
- nharada 2mo agoIs your point that such historical prices only occur when the shit is hitting the fan? Because the first time oil ever went above $100 was at the start of the 2008 financial crisis... [1] https://www.cbsnews.com/news/oil-prices-top-100-for-first-time-ever/ https://www.cbsnews.com/news/oil-prices-top-100-for-first-ti...
- gib444 2mo agoTheir point is that $100 in 2008 adjusted for inflation is around $155 today