The real price of Oil

mully

Established member
967 3
With all the discussion, in the press;
and the focus on oil prices by financial markets
I thought I would post a real Crude oil price chart since 1973.
I have simply divided the Crude oil price by the US CPI.

The actual number is irrelevant, just the comparative levels over time.

As you will see, current prices are 50% below 1990 levels,

and well, well below 1979 levels.

So no oil price shock yet.

But obviously could go higher, on valuation grounds alone.

Food for thought.
 

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