Glorious 1980 Returns As Oil Nears $100
Monday, October 29th, 2007
If you’re freaked out over oil topping $90 a barrel for the first time in history, maybe this will add some depressing historical perspective: Oil topped $100 per barrel at another grim point in U.S. history when George Bush was first running for president and America’s imperial troubles in Iran and Iraq threatened our precious oil supply from the Persian Gulf — in 1980! MORE »
If you’re freaked out over oil topping $90 a barrel for the first time in history, maybe this will add some depressing historical perspective: Oil topped $100 per barrel at another grim point in U.S. history when George Bush was first running for president and America’s imperial troubles in Iran and Iraq threatened our precious oil supply from the Persian Gulf — in 1980! MORE »
