Lets put things into perspective ??
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Lets put things into perspective ??
by Admin Mon Oct 10, 2016 8:50 am
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Guys,
Just some food for thought, looking at the above charts we had never ever seen oil prices above $50 until some time in 2005 - yes .. that means only in the last 10 years !!
Yes production was higher as can be seen but from 1985 to 2005 the average price per barrel looks to have been around $25 - thats 20 years of oil companies not only surviving but making millions in profit @ $20 - $25 $pb.
Guys,
Just some food for thought, looking at the above charts we had never ever seen oil prices above $50 until some time in 2005 - yes .. that means only in the last 10 years !!
Yes production was higher as can be seen but from 1985 to 2005 the average price per barrel looks to have been around $25 - thats 20 years of oil companies not only surviving but making millions in profit @ $20 - $25 $pb.
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