Stuck for Christmas gift ideas? Why not try a barrel of oil? You can get one for around US$40 these days. That’s 54% lower than this time last year and 72% below the price on July 14th ($145.16). True, a big barrel of West Texas Intermediate crude oil might be hard to fit under a Christmas tree. And it’s probably a fire hazard. But it also makes an excellent end table or lectern…
December 8th, 2008 | Dan Denning | 7 comments | ContinuedAll Posts Tagged With: "barrel of oil"
Saudis Spend $55 of Every Barrel of Oil to Provide Welfare
I found it interesting to note that the Saudis, perhaps the most expansive central planners in terms of intervening in individual’s lives, now spend $55 of every barrel of oil sold just to provide welfare for their citizens…
March 28th, 2008 | Bill Bonner | 7 comments | Continued