Oil Economic Geography

oilprice production jpg

Summary: that the oil boom of the 1970s was a repeat of the tulip bulb cartel In 1982 the price inflation adjusted and production profile for the entire history of the US oil industry looked like Drucker s suggestion at the time made perfect sense with the historical data Anytime over the past 100 years that oil went above its average price it would inevitably fall back to that

Image Dimensions: 919 x 616