Is your point that such historical prices only occur when the shit is hitting the fan? Because the first time oil ever went above $100 was at the start of the 2008 financial crisis...
reply[1] https://www.cbsnews.com/news/oil-prices-top-100-for-first-ti...
Their point is that $100 in 2008 adjusted for inflation is around $155 today
replyI often wonder how people so quickly forget this. That said, the inflation we have seen since could be such that $100/barrel today is equally or more burdonsome.
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