Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (10355)	2/4/2002 5:25:21 PM
From: Neocon	Read Replies (1) \| Respond to of 93284

So, although I cannot find the right data to fully substantiate, you can see that the price of crude is not very high, historically. If I were sure how to adjust to '95 dollars, I think it would be shown to be very low.......

To: Neocon who wrote (10355)	2/4/2002 5:55:07 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 93284

So. like I said, it was almost 10 dollars a few years ago(1998), it is now about $20, so we are not currently at a historic low. I saw your other post and those prices don't reflect the prices I see posted on CNBC for West Texas Intermediate, which is a common benchmark for oil. There are many kinds of oil(e.g. West Texas Intermediate and Brent ), so you have to compare apples with apples. I don't think you are with the prices on the other post. Do you know what exactly they are talking about there?

To: Neocon who wrote (10355)	2/5/2002 8:46:47 AM
From: Neocon	Respond to of 93284

The table didn't transform adequately from site to post. The first row of dollar numbers represent the price of crude per barrell in constant '95 dollars. The actual historic low is in '98, when it hit $10.18 a barrell in constant dollars. I do not have the formula for a precise comparison with current prices. I apologize for the confusion. The second row of numbers represents gas prices in cents per gallon, in constant dollars. Again, '98 was the lowest year. Although I do not have the exact inflation figures, to adjust, one can see that current gas prices (in the last quarter) are running close to the low. If one remembers, the nominal prices are very similar, and the difference is in line with low inflation.........