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Sunday, December 13, 2015

It's Not Just a Supply Issue: Oil Price Falls to 35 Dollars per Barrel



Key excerpt from, "It's Not Just a Supply Issue: Oil Price Falls to 35 Dollars per Barrel" :


"A year ago, the oil price was more than 30 dollars per barrel higher, and came in around 70 dollars, although by that point, the price had already tumbled from a price of 105 dollars that had been reached during mid-2014.
The 2014 prices were not as high as they seemed, given the effects of price inflation. If we make a  mild adjustment based on the official CPI data, we find that 2014's peak levels had really only been matching the prices we saw during the early 80s. "



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