Peak Oil

[feargach]

And don't forget the exchange rate.


The US Dollar was worth, what would have been, about €1 in 1980. Today it is worth €0.73

So a $100 barrel of oil in 1980 was a €100 (equivalent) barrel in 1980, but a $100 barrel of oil today is a €73 barrel of oil.

In 1980, on either side of the Atlantic, a ticket to see a film was roughly $1 or its equivalent in local currency.

Now it´s ten times that. Ditto with houses and food.

I think I might see a tiny problem with the validity of your comparison.

[Tombo]

In 1980, on either side of the Atlantic, a ticket to see a film was roughly $1 or its equivalent in local currency.

Now it´s ten times that. Ditto with houses and food.

I think I might see a tiny problem with the validity of your comparison.

A problem with you understanding methinks.