Smic hours and oil barrel price: how much?

[Christophe]

A small update of the curve is required.

I will try to find the files (they date from the end of 2006, not sure that I get there)

[jonule]

uh easy the curve!
it begins in the middle of an oil shock (79 on the 2nd), and stops in 2005!

I would be curious to see between 2005 and today!

[Christophe]

Easy? Well do it then ... it's in constant €!

I remind you that in 2005 the me (r) dias were already shouting "oil has never been so expensive" after they realized it and are now talking about partite!

Jte also recalls that the $ fall since 2005 ... in my opinion we are still FAR from the level of 1980 ...

That's why I volunteered to update this curve! It will be done this afternoon if I find the time.

[Christophe]

Look, it seems that my "calculation" inspired the world (taken from a conference by Jancovici)



Damn they also stop in 2005 !!

Pfff good, I'll stick to it!

ps: since 2 hours we offer the janco book for sale in pocket format for € 6,5 https://www.econologie.com/shop/le-plein ... p-180.html

[Christophe]

The figures vary quite a bit between the 2 curves:

a) on mine we find 5:30 min in 1980 to buy a liter of oil on this curve we find 13:30 min.

b) the behavior of the curves between 1980 and 1985 is not the same, divided by more than 5 on mine less than 2 on theirs.

I think the difference comes from the fact that:
- it is a fuel price: which one? Medium petrol + diesel, can be LPG ??
- taxes, being able to "amortize" a rise (but also a fall, yes) of the crude does not appear on my curve
- the refinery margin is not taken into account on my curve (it also varies)

In any case, point a) seems to validate the coherence between the reasoning since we do find a ratio of 60% - of taxes - between the 2 figures.

[Christophe]

I would be curious to see between 2005 and today!

Well see my dear Jonule:

Edit: updated in November 2008

This new curve is more accurate because based on monthly data instead of annual data!
Method and debate: https://www.econologie.com/forums/prix-du-pe ... t6543.html

[jonule]

unbelievable ... the liter of fuel "at the station" is not in the cac40 housewife's basket?

[C moa]

unbelievable ... the liter of fuel "at the station" is not in the cac40 housewife's basket?

Indeed, if we take in addition the increase in the price of real estate (both purchase and rental) over the same period, the increase in raw materials ... we no longer wonder why there is more and more poor workers in France (and in Europe).

[Christophe]

Well the problem is that inflation, so the annual correction of the minimum wage (linked to inflation) does not take into account real estate ...

https://www.econologie.com/fonctionnemen ... -2735.html

[jonule]

that would mean that the French housewife:
> do not drive a road vehicle ... but a bicycle?
> does not live in an apartment or house but ... in a Yurt?
> no longer buys products in supermarkets but ... garden?

Alternative housewife! -)