Quote:
Originally Posted by ssump29
Ummm, no he is right in 2008 after the spike and after the economy took a shit. The price of a barrel dropped to as low as 34.XX and stayed there for a while before it even moved back into the 40-50 range. I have the numbers here in the office as we pretty much stocked up on oil when it was so low, but I would have to scan it into the computer and I'm not about to publish inside financial numbers. But he is correct it did happen. Gas did hit 1.9XXX or so as well too.
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Oh, yeah. Just went back and reread what the post said. I thought he said that oil had to be at 35 to avoid a recession/depression, now I see he said it went to 35 in the crash.