The Next Oil Price Spike May Cripple The Industry
Green Car Congress
AUGUST 25, 2017
In fact, at a little over $50 per barrel, oil is trading slightly higher than its historic, inflation adjusted average of $47 per barrel , which in and off itself calls into the question the “spike” view: If the period 2001 – 2014 was a clear historic abnormality, why should one expect the price to return those levels? Since (non-U.S.
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