/ October 10, 2008

Linking Dropping Oil Prices to World Events

Good news!  Deutsche Bank predicts that oil prices may fall to as low as $60 per barrel.  As a point of reference, the price per barrel today is $80.42 (and prices have already started dropping).

We LOVE this 1861-2007 crude oil price chart with corresponding world events (the Pennsylvanian oil boom of the 1860s, the discovery of Spindletop Texas, and the Asian financial crisis which was responsible for that supercheap gas in the late 1990s), check out this BP chart.
Source: CNN Money

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