Tuesday, November 11, 2014

Oil quotas

Wow bit of historical context here guys......

At the peak of the OPEC crisis (1973) oil was at $12.50 a barrel - http://www.npr.org/blogs/money/2014/11/05/361424491/episode-580-the-other-side-of-the-pump

I'm guessing about $40 a barrel inflation adjusted...... makes the current drop to $70 seem like no big deal.

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