🛢️ 165 YEARS OF OIL PRICE HISTORY — In One Chart
Every spike has a story:
1864 — Civil War
1973 — Arab Oil Embargo
1979 — Iranian Revolution
1990 — Gulf War
2008 — Financial Crisis
2026 — We are here 🔴
Goldman’s chart shows today’s price move is STILL smaller than 1980 & 2003.
This means:
Either the market is right — and this ends fast
Or the market is wrong — and the real spike hasn’t hit yet
One thing history proves: Every spike eventually resolves… but not without causing a recession first.
💡 Which side of history are you positioned on?
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