"The End Of Cheap Oil"

Found this June 2004 Nat Geo front page and had to double-check the date. 🗓️

Beyond the peak oil fears, the parallelism is haunting:

Then: Iraq, the Ministry of Oil, and the high cost of “regime change.”
Now: The same shadow of conflict over Iran 🇮🇷 and regional power struggles.

But here’s the real lesson for investors: 📈
In June 2004, oil was skyrocketing amid expanding war in Iraq. The S&P 500 sat at ~1,120.
Today? We’re at 6,580+.

Despite “The End of Cheap Oil,” a global financial crisis, a pandemic, and repeated geopolitical shocks, the market is up ~487%.
The Nasdaq is up approximately +969% since June 2004.

Some narratives never die — but neither does the power of compounding through the chaos. 📖⛽🚀

#MarketSnap #Investing #SP500 #Oil #Geopolitics #LongTermInvesting #HistoryRhymes