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But we saved everything 🙂.
Stefan Schubert challenges the usefulness of a commonly referenced metric, stating it fails to account for inflation adjustment. He notes that, measured in current dollars, Brent crude traded at more than $200 in 2008.
The comment highlights the importance of factoring in inflation when comparing historical price levels in commodities like oil.
Schubert has previously commented on parallels between critiques of financial metrics and broader debates about capitalism. In a prior article, he observed that arguments targeting stock markets often reflect wider concerns about the system’s features. The latest remarks on oil prices add to his focus on how economic narratives are shaped.