🛢️165 years of oil price history in one chart
Every spike on this chart has a name:
1864 — Civil War
1973 — Arab Oil Embargo
1979 — Iranian Revolution
1990 — Gulf War
2008 — Financial Crisis
2026 — We are here 🔴
Goldman's chart shows the price response is STILL smaller than 1980 and 2003.
Meaning either the market is right and this ends fast.
Or the market is wrong and we haven't seen the real spike yet.
Every Single Previous Spike Eventually resolved.
But not before causing a recession first
Which side of history are you positioned for?
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