The red line shows how real oil prices have changed from 1945 to July 2005 (July 2005 dollars):
Makes you wonder why just about everyone thinks crude oil prices will continue upward trend forever. Maybe this is the reason.
The red line shows how real oil prices have changed from 1945 to July 2005 (July 2005 dollars):
Makes you wonder why just about everyone thinks crude oil prices will continue upward trend forever. Maybe this is the reason.