A LITTLE PERSPECTIVE ON THE PRICE OF OIL

AOL posted this and we thought it worth passing along……….

‘C’ note-per-barrel oil doesn’t scare me

Posted Dec 4th 2007 11:34AM by Tom Barlow
Filed under: Starbucks (SBUX), Coca-Cola (KO), Advanced Micro Dev (AMD), Oil

$100 oil. Will this be the iceberg that rips open the prow of our economy? Perhaps I have an odd take on this, 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 comfort 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 To Your Door.”), or $26,880 per barrel.

Starbucks latte (NASDAQ:SBUX): at around $4 for a 12-ouncer, this 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. (This one kills me!!!)

And while oil provides essential 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.