On the primary market, crude oil is now going for down to $55/barrel (€47 or 44 CHF). Russian crude costs a mere $40/barrel.
Priced in gold (as an inflation-adjustment), oil has never been cheaper, except during a quick spike at the beginning of the COVID Era. Natural gas also trending steadily down, both in absolute and real terms.
This is the signal.
Gas is $2.50/gallon here in the midwest US. Lowest in many years, and I’m in a higher priced/taxed ‘blue’ state
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