Oil price up 80% from beginning of year

” Crude oil prices are the highest in a generation, rising by around 80 per cent from the beginning of 2004. However, even at current levels, crude oil prices are still about 40 per cent below the all-time highs – in inflation-adjusted terms – of February 1981.”

Leeb, in The Oil Factor, suggests that an 80% year over year oil price rise is the threshold for the economy tipping into his oil defence mode, bad news for nearly everyone. If you have investments, watch out!

http://story.news.yahoo.com/news?tmpl=story&cid=2148&ncid=2148&e=3&u=/cpress/20041018/ca_pr_on_bu/oil_prices

(Yahoo Business News)