Inflation Adjusted Crude at New Highs

One of the reasons the markets have been struggling to get their footing of late is the sharp run up in crude oil.  As the attached chart below shows crude oil is now more expensive on an inflation adjusted basis than it was in the 1970's when lines at the gas pump where stretching for miles.  This is clearly a drag on the market and the economy as crude oil is pervasive in regards to the variety of economic sectors it affects.


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sesiaBushids said:

thank you, man

Posted at May 8, 2008 7:29 AM
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