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Alf

@macroalf

CIO of PalinuroCapital.com (Macro Hedge Fund) | Founder of The Macro Compass: Institutional Macro Research

ID: 1344759366671589376

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Alf
@macroalf

3 years ago

The highest oil price ever was $147/bbl in 2008. BUT. Oil is denominated in fiat currency, and there has been A LOT of spendable money printing over the last 15y. If you think the market gets as extreme as 2008, the equivalent oil price in today's USD would be above $250/bbl.