202 PETROLEUM TECHNOLOGY, ECONOMICS, AND POLITICS
Table 7.1 Crude oil price highs and
lows over the past 25 years.
1984
1988
1990
1994
1996
1998
2000
2002
2008
2009
28
15
23
16
20
12
27
23
147
41
Crude oil prices 1970-2008
US$ per barrel
140
Jan 2008
1970
1975
1980
1985
1990
1995
2000
2005
Figure 7.1 Crude oil price variations since 1970.