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After the Gulf’s boom, what remains?

Posted on 25 May 2009

From Economic Times: When after a short recession in the US at the beginning of the decade the price of oil began its upward climb, few could have predicted just how far it would go.
In 2008, a barrel was fetching just short of $150. Average prices for 2007 were not far short in real terms of the all-time high during the Pennsylvanian oil boom of the 1860s, or the period after the Iranian revolution of 1979…….Full Article: Source

 
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