Quote:
Originally posted by snappyk+Mar 31 2005, 11:53 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (snappyk @ Mar 31 2005, 11:53 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-Cowperson@Mar 31 2005, 09:09 PM
Time to remember the $100 oil forecasts of 1979. 
Cowperson
|
I was 3, what happened. [/b][/quote]
http://www.wtrg.com/oil_graphs/oilprice1947.gif
http://www.eia.doe.gov/emeu/cabs/chron.html
Basically, crude went to under $10 by 1986 I think and never went to $100.
Hey if Oil is at $105/barrell won't that bankrupt Bushy and the US??
What is the lesson and the answer in the charts and data in the links above? Haven't we seen this before in variations?
Cowperson