Friday, December 18, 2009

What caused the high oil prices of the early 1980 to rise?

I heard that it rose to about 1.36/ gallon


thats $3.22 in today's dollar.


does anyone one know what was the cost.





thank youWhat caused the high oil prices of the early 1980 to rise?
I think it was political and speculative effects in general. Oligopoly's pressure has also some effect.

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