Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: HPilot who wrote (372681)	3/3/2008 2:58:13 PM
From: Road Walker	Read Replies (1) of 1572160

The price of oil is cheap compaired to the 70's. Then it went up over 5 times in a few years . So far it has only tripled, and was much cheaper to start. Hugh, it's up 500% from 1999. And in real dollars it's higher than it was in the 70's. And the 70's problem was geopolitical, the current problem is supply and demand. futures.tradingcharts.com Do you expect oil to go right back down to $20 in the next couple of years? Like it did in the 70's?

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