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Entries from December 2014

More Sad Trombone for Peak Oilers

December 4th, 2014 · No Comments · Uncategorized

Headlines today include “Gas drops below $2 in Oklahoma, prompting price war.” and WTI Crude closed at $66.46 a gallon. Inflation adjusted, that equates to $54.67 in 2005 dollars. 2005 is when The Oil Drum launched, and according to their own earliest writings, $55.00 a barrel was the going rate. Bottom line, the price of […]

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