2008 proved to be a year of extremes for both the economy and energy around the world.  Not surprising since fuel prices are so closely tied to world economic growth and in 2008 one of the longest periods of sustained economic growth can crashing to a halt.  This sent record oil prices of $140 per barrel plummeting by more than 70%.  See the details in BP Statistical Review of World Energy – June 2009.

StumbleuponDelicious