C-note per barrel oil doesn’t scare me
$100 oil. Will that be the iceberg that rips open the prow of our economy? Perhaps I have an odd take on that, but when I look at C-note oil I still see a bargain for the user. Consider what petroleum provides us: hours of additional leisure each day, freedom from the exhaustion of providing our own locomotion, travel in relative consolation instead of exposure to the elements. And is $100 really all that much for 42 gallons of freedom? Consider some other liquids:
Coke Zero: (NYSE:KO) a barrel of oil holds 42 gallons, or 5,376 oz.. A 12-oz Coke Zero at vending machine prices would cost $448 a barrel.
Deer urine: used by hunters to attract their prey, runs $10 for 2 oz. for the good stuff, fresh from a buck in rut, from Timber Valley Freshscent (”100% Fresh Urine. Shipped Cold From Our Deer
Starbuck’s latte: (NASDAQ:SBUX) at around $4 for a 12-ouncer, that black gold will set you back $1,792 a barrel.
Whiskas: a milk specially made for lactose-intolerant cats, sells for $1.29 for a 6.75 oz box. A barrel would retail for $1,027.
And while oil provides fundamental transport, it pales by comparison with fluids that offer divine regard. In that respect, how could one complain about the cost of a Transparent Virgin Mary full of water from Lourdes, the site of St. Bernadette’s miracle. The bottle sells for a mere $26.71 for 350 ml, or roughly $11,996 a barrel.
Oil — it seems like a bargain to me.
Original post by Tom Barlow
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