In real terms, the price of crude oil has not been more expensive since the Pennsylvania Boom over 150 years ago...
Source: BP [5]
In real terms, the price of crude oil has not been more expensive since the Pennsylvania Boom over 150 years ago...
Source: BP [5]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/taxonomy_vtn/term/9127
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/07/20140713_oil150.jpg
[5] http://www.bp.com/en/global/corporate/about-bp/energy-economics/statistical-review-of-world-energy/review-by-energy-type/oil/oil-reserves.html