PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 22nd Aug 2009, 04:33
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KAG
 
Join Date: Oct 2007
Location: France
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Jonty wrote:
The recessions over folks, don't miss the boat!
Probabely...But:

In January 2008, oil prices surpassed $100 a barrel for the first time, the first of many price milestones to be passed in the course of the year. In July 2008, oil peaked at $147.30 a barrel and a gallon of gasoline was more than $4 across most of the U.S.A. These high prices caused a dramatic drop in demand and prices fell below $35 a barrel at the end of 2008. Some believe that this oil price spike was the product of Peak Oil. There is concern that if the economy was to improve, oil prices might return to pre-recession levels.

Times have changed. Hard to admit it I know.
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