April oil futures prices today at $103.95/bbl, above the inflation-adjusted level of $10.76 that 1980’s peak of $38./bbl would bring today.
What amazes me is that some energy analysts (that would be you, Daniel Yergin and Cambridge Energy Research Associates) are so low-price bullish and so much Peak Oil deniers as to claim that oil prices for the year might fall all the way down into the $65-$75/bbl range.
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