Bob Brinker Free Discussion Site 59,820+: Re: Re: Oil Price

» bbaddict - Re: Re: Oil Price

In response to Re: Oil Price posted by Kirk:

Kirk, is there an easy way to get that chart adjusted for inflation? Can you set it in constant 1991 dollars, or just today's dollars?

Bob keeps telling us that oil is still cheaper than it was in 1991, adjusted for inflation. That is true, but somewhat of a distortion. That was a spike caused by fears of the first Iraqi war. He should also compare it to 1992, 1993, etc.

True...oil, adjusted for inflation, is not so high compared to 1991, 1992, etc. But to compare the short-lived spike of 1991 with the tremendously strong trending curve of today is a bit misleading.

I have been shopping for a small sports coupe this last year. I looked at Lexus, Infiniti, Mercedes, etc. They are very nice cars, but they only get about 20MPG! 20MPG from a 2 seat sports car is obscene! People give me grief over my SUV, which gets 15MPG, but they drive these tiny sports cars that are not much better.

I have decided to get a Honda Civic, which gets 35-40MPG. Maybe I will be a trendsetter. Who needs electric pedals adjustment anyway?

There are only a few ways out of this:

1) Conservation (duh)
2) Alternative energy (lots of companies working on this, but the technologuy is not cost-effective yet)
3) Build more refineries and drill more oil (not in my backyard, or off my beautiful beach)

-- posted by bbaddict