RE:RE:MbS/Putin SQUEEZE PLAY Working ALL TOO WELL$100 oil is not at all what it used to be.
This is an important fact for all oil investors:
Forget about the absolute number. What is important is how it compares to historical times after you index the oil price to inflation.
We have been much higher than that on several occasions. In fact, we were at the equivalent of a hair under $200 in 2008:
Crude Oil Price Indexed for Inflation:
https://www.macrotrends.net/1369/crude-oil-price-history-chart Oil can easily go a lot higher than $100, without the same strain on the economy as it had on it as before.
Also, I would like to see the historical chart of how many hours a union autoworker must work for a gallon of gas, but nobody seems to want to print that one.
ztransforms173 wrote: - UNFORTUNATELY, once WTI gets PAST USD 100 per barrel, the ECONOMIC DAMAGE to the North American economy gets REALLY NASTY with the US and Canadian CONSUMERS already FACING HARD CHALLENGES due to HIGH INFLATION, HIGH INTEREST RATES, LOWER INCOME and SUPPLY SIDE SHOCKS due to COVID 19 SHUTDOWN INSANITY on TOP of RISING INDIRECT TAXES
z173