Some Eye-Popping Charts About Oil Prices
Doug Ross, athis blog, explains the Democrats’ position on higher energy prices and the effects these have on our economy.
Some of the charts are eye-popping in their implications.
Democrats Support Higher Oil Prices (and Higher Taxes)
The price of crude oil is rising once again. Today’s chart provides some perspective to the latest price spike with a long-term view of West Texas Intermediate Crude. One point of interest is that oil is trading near 25-year highs but still well below the inflation-adjusted highs of 1980. It is also interesting to note that most oil price spikes were a result of Middle East crises and often preceded or coincided with a US recession.
Source: Doug Ross @ Journal
