The price of oil, adjusted for inflation, is only half what it was in December 1979, and the United States now uses half as much energy per dollar of output as it did in the early 1970s. But if oil cannot shock the world economy quite as it used to, it can still give it "a ...
Now, it is true that oil prices, adjusted for inflation, are a lot less than historical peaks. It's also true that the U.S. and world economies have gotten significantly more efficient with the way they use energy as an input over time. And so the role of oil is a lot less in th...
Adjusted for inflation, oil is now above the $101.70 peak hit in April 1980, according to the International Energy Agency, a year after the Iranian revolution. Malaysia: Emergency supply of diesel sent to Miri Asked what had actually happened that caused the April quota to run out so fast...
Adjusted for inflation, oil prices would need to rise to about $90 a barrel to exceed the highs set a quarter century ago when supplies tightened in the aftermath of a revolution in Iran and a war between Iraq and Iran. In the United States, the national gas price average now hovers nea...
Economic analysis reveals that, in spite of a 140 percent increase in crude oil prices (adjusted for inflation) since 1970, real prices have actually gone down 13 percent. The explanation for price behavior is found to be a combination of modern capital and property rights theory rather than ...
Oil Reaches Inflation-Adjusted HighJOHN WILEN
For one in the 1980’s Oil was expensive (about $115/bbl adjusted for inflation, world was in a recession, and US interest rates were about 15% (topping out at about 20% during that year). Bottom line: When Oil global production starts declining it will have a significant impact on ...
talk of another oil price shock is premature. the price of oil, adjusted for inflation, is only half what it was in december 1979, and the united states now uses half as much energy per dollar of output as it did in the early 1970s. but if oil cannot shock the world economy quite ...
Even when adjusted for inflation to current dollars, an average price per barrel bears little relationship to reality, especially when reality is a much higher price per barrel. Historically (or, some might say, hysterically), crude oil prices varied from $2.50 to $3.00 from 1948 through the ...
数据摘要:This table shows the Annual Average Crude Oil Price from 1946 to the present. Prices are adjusted for inflation to November 2008 prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics.中文关键词:原油价格,通货膨胀率,消费者物价指数,劳工统计局,...