Home Viewpoints Economics The Real Price of Oil - Forbes.com Interactive Chart Tuesday, 19 August 2008
             
The Real Price of Oil - Forbes.com Interactive Chart PDF Print E-mail
Written by Nick Osinski   
Tuesday, 13 May 2008 06:11
There is, no doubt, a lot of talk about oil prices these days. Maybe more surprisingly, however, is the sometimes devil"s advocate-like position that some take when discussing today"s real price of oil relative to that of a decade or more ago. Similarly, in comparing the oil prices faced by American today with those faced by citizens of most European countries, some critics argue that we shouldn"t by arguing at all. Well, for those of you still reading, you should check-out this link to a chart prepared by Forbes.com

The fight over the difference between nominal and real prices will continue to undercut some arguments when it comes to the CPI, but given the chart prepared by Forbes, it"s difficult to see anything but a staggering rise in the real (i.e true) cost we face at the pump. In the last ten years alone we have seen almost a 10-fold increase in the price of oil and a similar rise in the prices of gasoline. That"s a ten-times increase; put differently, 1,000 percent. "nough said.

Visit my Blog...

Comments
Discuss Viewpoint
Title: (optional)
[b] [i] [u] [url] [quote] [code] [img] 
 
Receive update notifications?

3.23 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."
 

MBAA Poll

Via the Interest Rate, what can the Federal Reserve Affect?
 

Quotes

What is it that you like doing? If you don't like it, get out of it, because you'll be lousy at it. You don't have to stay with a job for the rest of your life, because if you don't like it you'll never be successful in it. - Lee Iacocca

Visit Sponsors

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.