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bit before my time, but IIRC WTI made its appearance about 1982 and has always been pretty volatile.

My gut says the volatility occurred in 1980.  It just took place in the cash market out of sight of the average consumer and the media.  

Perhaps it was less then just because the 7 sisters had a much bigger piece of the pie and the producing nations were still under their thumbs.

by HiD on Wed Mar 26th, 2008 at 07:17:34 AM EST
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