inflation makes up a big portion of it though...


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Posted by Ken Dunnington on Wednesday, March 26, 2008 at 15:44:28 :

In Reply to: oil bull posted by john copeman ontario can. on Wednesday, March 26, 2008 at 12:05:16 :

Inflation allows for anything that cost $.45 in 1970 to cost $2.43 in 2008 in the US. This conversion is based on the Consumer Price Indices (CPI) published by the U.S. Bureau of Labor Statistics.

Ken



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