Personally, I enjoy this historical digging, but I'm worried we may begin to bore others... :)
As a matter of fact, between 2001 and 2005 Oil went "only" from about $17 to 70 per barrel. The $147 top occurred later, in the Summer of 2008. (I remember it well - I thought I was a genius, making a lot of money on oil in 2008 on the way up - only to become an idiot later in the year, when it came crashing down...lol).
IMO it could be argued that 1994 might be a little too early to use as a benchmark for Russia. Remember that the USSR was officially dissolved on December 26, 1991 - it so happens today was the 23rd annivesary. The revolution was bloodless, but the country was in great turmoil, changing itself away from super hard socialism, where ALL businesses were owned by the state - and was trying to privatize, etc. It was a complicated time, including hyperinflation, collapse of currency, etc. It's not unreasonable to start the "count" a few years down the road. |
