Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Useful benchmark when discussing high oil prices today:
Link to tweet
Tweet text:
Scott Lincicome
@scottlincicome
Very useful benchmark when discussing high oil prices today:
Pierre Andurand 🇺🇦🌻🇫🇷🇪🇺
@AndurandPierre
How high are crude oil prices really? Using inflation implied from global GDP deflator:
High of $147 in 2008 is equivalent to $222 today
Average Brent price since 2008 to today inflation adjusted: $96.3
2011 average Brent price inflation adjusted to today: $149.6
4:36 PM · Mar 6, 2022
Scott Lincicome
@scottlincicome
Very useful benchmark when discussing high oil prices today:
Pierre Andurand 🇺🇦🌻🇫🇷🇪🇺
@AndurandPierre
How high are crude oil prices really? Using inflation implied from global GDP deflator:
High of $147 in 2008 is equivalent to $222 today
Average Brent price since 2008 to today inflation adjusted: $96.3
2011 average Brent price inflation adjusted to today: $149.6
4:36 PM · Mar 6, 2022
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
