Today I was reading an article about OPEC, and I saw a mind-blowing dollar figure for the price of oil in the year 2000....just seven years ago. It said that the price of oil per barrel in the year 2000 was just $10 per barrel. Today it's $100 per barrel.
Holy cow! Really? I knew it was creeping up and up, but I hadn't looked backwards to compare and contrast. It went up 1,000 percent since the year 2000?
Just think about it...seven years ago this month, Al Gore ran against George W. Bush for president of the United States. We all know how that turned out, and I'm sure this slightly elevated oil-price thing is just a wacky coincidence.
So I decided to search the net and look up a few other financial factoids from the year 2000. Looking backwards at November, 2000, exactly seven years ago this month, I found:
Value of the British Pound Sterling versus the US Dollar:
November, 2000: $1.42
November, 2007: $2.05
Value of the Euro against the US Dollar:
November, 2000: 83 cents (note: the Euro was only a valuation at this point)
November, 2007: $1.47
Value of the Canadian dollar against the US Dollar:
November, 2000: 46 cents
November, 2007: $1.02
Median price of a home in San Francisco:
November, 2000: $417,000
November, 2007: $827,000
National debt (in USD billions):
November, 2000: 5,674.2
November, 2007: 9,007.7
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