Plummeting oil prices no laughing matter – Milwaukee Journal Sentinel

Plummeting oil prices no laughing matter
Milwaukee Journal Sentinel
Adjusted for inflation, the current oil price of about $30 a barrel is down 50% from the 1973 peak, 70% from 1979 and 80% from 2008. It’s parabolic descent since then has been compared to an index of subprime mortgages before the global financial crisis.

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