BUSINESS STUDIES HELP!?

Question

What is BPD (I'm not really sure if it is BPD or PBD)?

What is the current oil price per barrel?

What was the oil pirce price per barrel last year?

What was the oil price for the last 5 years?

it will be fine if you won't answer it directly for example, you'll just give me a website or something...'coz i also need to learn but my problem is that i don't know which site to go or what words to type

please do add some additional info to expand your answer to my question..

Answer 1

Oil 2007: (January) 51.57

Oil 2008 (August) 199.05 Highest px - 147 (July I believe)

Px last five years:

http://tonto.eia.doe.gov/dnav/pet/hist/w...

I am surprised the instructor did not ask other questions.

In 1933 Frankin D. Roosevelt pegged the Dollar to Oil. Hence, the world had to pay for oil using the U.S. Dollar.

Iran is now trying to peg oil to the Euro. If that happens, our $$ will drop even further.

Elizabeth L. Strauch, MBA