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Chart of the Day: Inflation Adjusted Crude

Posted By Barry Ritholtz On January 26, 2005 @ 7:19 am In Economy | Comments Disabled

Crude has been rallying and is once again approaching $50
per barrel. The mild December lulled traders (who apparently forgot it gets cold
in the Winter) into leaning the wrong way. In addition to the recent cold snap,
Iran has been of particular interest as tensions have been escalating.

                               35 Year Oil chart

20050126 [1]

20050126b [2]

source:  Chart of the Day [3]

CotD writes [4]: Today’s chart illustrates the degree by which OPEC oil
production plunged and oil prices surged following the last Iranian crisis
(1979).” Following the 2001 US recession, the world is increasingly relying
upon greater OPEC oil production and meet its energy appetite, particularly
from U.S. and China.


Random Items:

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Falling oil prices clouded scrutiny of decelerating profits

Central banks shift reserves away from US [5]

How copyright could be killing culture [6]

‘CNET bows to the power of blogs [7] 

How to Interrogate Terrorists [8]


Quote of the Day:

“Whenever you find yourself on the side of the majority, it
is time to pause and reflect.”   
-Mark Twain

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/01/chart-of-the-day-inflation-adjusted-crude/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/photos/uncategorized/20050126.gif

[2] Image: http://bigpicture.typepad.com/photos/uncategorized/20050126b.gif

[3] Chart of the Day: http://www.chartoftheday.com/20050126.htm?t

[4] CotD writes: http://www.chartoftheday.com/20050126.htm?t:

[5] Central banks shift reserves away from US : http://news.ft.com/cms/s/9ef63678-6d7d-11d9-9b69-00000e2511c8.html

[6] How copyright could be killing culture : http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20050117/DOCS17/TPEntertainment/Film

[7] ‘CNET bows to the power of blogs: http://www.internetstockblog.com/2005/01/cnet_bows_to_th.html

[8] How to Interrogate Terrorists : http://www.city-journal.org/html/15_1_terrorists.html

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