Quote:
Originally Posted by opendoor
We would need $800-1000 oil within the next 7-8 years to match the level of energy inflation they saw in the '70s and early '80s. That's not going to happen. We're paying less for oil now than we were 10 years ago and are currently paying the same price as 15 years ago.
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Don't be ridiculous - inflation adjusted we would only need $160 oil to mirror the '78 - '84 spike.
https://inflationdata.com/articles/w...art-8-2022.png
Once could also make the argument and this is getting off topic and a little too speculative that we could very well be heading into an 80's style energy crisis. If that happens some of the discussed data points become relevant.