$100/bbl On The Wall, $100/Barrel

Take one down, pass it around …

Here’s a 20-year look at the price of crude oil ($WTIC).

$100/barrel will be back before most people expect — perhaps in the 2018-2020 range. Unless somebody propagates a successful and sustained fusion reaction in their garage.

It is interesting that the slope of the long-term trend following the Great Recession resembles what we’re seeing for top-line growth from all companies, collectively.

 wtic  100 2019 2020

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