[marbren]

Please help refresh my memory, Wasn’t oil around $15 a barrel for a short period of time 2 or 3 years ago?

[Phantom Lord]

Closer to 13 years ago.

[thackney]

2 years ago, oil was in the 70’s.
3 years ago, oil was in the upper 50’s.

http://tonto.eia.doe.gov/dnav/pet/hist/rclc1m.htm

It was 1998~99 when oil was around $15. There was some days where it traded below $11. Even lower in some other markets.