Goldman Sachs now reckons that oil could take out the 2008 record of $147

bookofjoe

https://archive.ph/ZwEdU

seydor

Iran is doing this without a navy

JumpCrisscross

$147 in July 2008 had the purchasing power of ~$218 today [1]. [1] https://www.bls.gov/data/inflation_calculator.htm

mo7061

There is one thing to say here, USA wants the price to be high so it can throttle china.

mandeepj

I don’t estimates of these investments firms seriously! They talk like today’s scenarios will stay put forever - whether good or bad.

shrubble

I understand that the impact to Americans is that for every penny increase in the price of a gallon of gas, averaged over a year, is about $1 billion in consumer spending . So if the average price goes from $2.99 to $3.49 , that’s 50 billion dollars.

zoklet-enjoyer

The United States is run by pirates