"George" George@least wrote in message
...
"Todd Fatheree" wrote in message
...
As an aside, here's something interesting I found. On an
inflation-adjusted
basis (2005 dollars), the price of crude oil peaked in the early 80s at
$84.29/bbl. In fact, from the late 70s through the early 80's, crude
oil
cost more than it does now. Of course, you'll never hear that in a
newscast, because it suits their purpose to report "record oil prices".
Here's another one...in the early 70's, crude oil traded at (again in
2005
dollars) $9.03/bbl.
Lies, damned lies, and statistics again.
Profit margins?
Low-cost Chinese goods distort the CPI, then you go ahead and do it again.
If you'd like to give us the real figures, I'm all ears.
todd
|