Thursday, June 19, 2008

The Price of Oil

Some high value added from CNBC today, in pix...
How Crude Stacks Up
"You're in for a surprise if you think crude oil is expensive at today's levels of about $130+ a barrel... a Starbucks latte actually costs much more at $954 a barrel. Here's how oil really stacks up compared to the cost of some of our favorite items."

But how big IS a barrel of crude? 42 US gallons/ 35 Imperial gallons / 159 litres (and comprised of this stuff.)

And how much is that? About 80 large plastic bottles of Coke (...or simply lashings of ginger ale.)
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