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Inflation Adjusted Oil Prices Oil Prices Adjusted for Inflation from 1980 to now. Quotes and History |
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Charts
and current price quote for Crude Oil Prices Return to KirkLindstrom.com home page |
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June
8, 2012: Oil Prices adjusted
for inflation are down significantly from their
recent highs. A slowing global economy plus
new supply in the US has oil prices down over 20%
in less than two months. This should be good
for the economy. Unfortunately, oil prices
in the past often start their decline at the
beginning of a new recession.
From Chartoftheday.com1 Today's chart provides some long-term perspective on the price of a barrel of crude oil with a long-term chart of inflation-adjusted West Texas Intermediate Crude. Today's chart illustrates that most oil price spikes coincided with Middle East crises and often preceded or coincided with a US recession. The logic behind this is that a Middle East crisis can potentially disrupt an already tight oil supply and thereby drive crude oil prices higher. Also, rising oil / energy prices can, among other things, increase costs within the global economy’s supply / distribution chain and thereby contribute to inflation which can in turn encourage governments to halt or reduce any plans to stimulate the economy. As a result of a slowing global economy as well as increased global oil production, crude oil prices have declined over 20% since early May alone.
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Article: Beware
of
Annuities
Article
Index
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Note 1. Source:
Chart of
the Day "Journalists
and bloggers may post the above free Chart of
the Day on their website as long as the chart is
unedited and full credit is given with a live
link to Chart of the Day at
http://www.chartoftheday.com."
Charts
and current price quote for Crude Oil Prices |
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Disclaimer: The information contained in this seb site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2012 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. |