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Great posting.

To summarize, I get the following average rate of increases in prices for crude oil, using your inflation adjusted graphs and the classic rate equation:

  A/A0 = Exp[rt]   r = Ln[A/A0]/t

For the Euro, the price appears to rise from E12 to E70/bbl. This gives an annual inflation adjusted oil price increase rate of 19.6%/yr over this 9 year period.

For the US dollar, the price appears to rise from $15/bbl to $105/bbl, which gives a rate of 21.6%/yr.

But of course, there is no such thing as Peak Oil, but I'm sure that the Easter Bunny is alive and well. Or for you chemically inclined, the Ether Bunny. Next to Mole Day (Oct 23), Ether is a Chemical holiday, but not a holiday from chemicals...

Nb41

by nb41 on Thu Mar 20th, 2008 at 11:46:04 AM EST

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