The Official Price of Crude Oil Depreciation Thread

[Nick Young]

Price of crude oil, where you at? :facepalm

[Riddler]

How did oil do in the great depression?


serious question.

[Riddler]

http://www.bloombergview.com/articles/2013-05-06/when-the-great-depression-hit-the-oil-industry



In 1932, U.S. heavy crude oil averaged 87 cents per barrel (about $12 today), and light crude averaged 82 cents. By spring 1933, heavy crude had fallen to 44 cents and light crude to 66 cents. Then the bottom fell out.

[Riddler]

I would expect oil to do the same... but you never know.


Personally I think the population will be in decline (people are getting sick
and they are not aware of it)... Society is trying to break free from oil...
and now through fracking we can get as much as we want.

Oil = game over.

(but I've been wrong before)