From Evan Davis:
It’s clear that $100 a barrel is very high. Although it’s worth saying, it’s still not a record.
1864 was in fact the most expensive year for oil. It was over $104 in today’s money. .
From Evan Davis:
It’s clear that $100 a barrel is very high. Although it’s worth saying, it’s still not a record.
1864 was in fact the most expensive year for oil. It was over $104 in today’s money. .
November 14, 2007 6:30am in Grown up economics | Comment
Tim writes about the economics of everyday life. His weekly columns for the FT Magazine are: "The Undercover Economist" and "Dear Economist". He also writes editorials for the FT, presents Radio 4's More or Less and is the author
of "The Undercover Economist" and "The Logic of Life" . To learn more, visit: timharford.com
© The financial Times Ltd 2009 FT and 'Financial Times' are trademarks of The Financial Times Ltd.

Back to The Undercover Economist homepage