Oil: Inflation adjusted

Wednesday, August 18, 2004 | 06:37 AM

Here's a terrific chart from our friends over at Chart of the Day.

oil_infl_adj_20040818

When you adjust the price of oil (and thus, gasoline) for inflation, relative to the past its merely more expensive than it was -- but not outrageously so. Indeed, energy now consumes about 2-3% of GDP, down from 15% (if memory serves me) 30 years ago.

Wednesday, August 18, 2004 | 06:37 AM | Permalink | Comments (12) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d8342fdb7853ef

Listed below are links to weblogs that reference Oil: Inflation adjusted:

Comments

In a way this is discouraging because it says that oil prices are high enough to slow our economy but too low to encourage conservation and alternative energy development. The worst of both worlds!

Posted by: camille roy | Aug 18, 2004 1:55:18 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner