May 25, 2004

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Rising oil

The world is faced with a rising oil price. so much for America's invading Iraq for "cheap oil". In the USA it is shaping up as an election issue as petrol prices rise over $2 per American gallon. An American gallon is 3.8 litres. So we are talking about "gas" at US$0.52 a litre.

Let's ignore that in HK petrol costs US$1.50 or so a litre. Instead next time you're in a supermarket look at the price of bottled water. To bottle water you plonk a factory on top of a spring and squirt the stuff into plastic containers, or maybe you filter some tap water and call it "fresh". My research shows that a bottle of ParknShop 1.5 Litre water is about US$1. That's 66 cents a litre.

That's right. Petrol, which is dug out of the ground or sea with massive machinery, shipped, refined and transported, costs less in the USA than plain old bottled water. While I accept it is an American's God-given right to consume copious amounts of petrol in their gas-guzzling cars to their hearts' content, until such time as "gas" costs at least the same as plain old water they will get no sympathy from me.

posted by Simon on 05.25.04 at 10:45 AM in the




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Comments:

"Petrol"? Is that anything like gas?

[ducks to avoid flying object]

posted by: Mr. Green on 05.25.04 at 09:34 PM [permalink]

I use the cow test myself. A gallon of milk costs me between $3 and $5, depending on the quality (or octane rating). When people whine about the gas prices I tell them to go suck on a cow's tit.

posted by: Jim on 05.26.04 at 12:05 AM [permalink]

One thing people living in other countries forget is that people in the states drive further distances to work each day. Some people could drive through the equivelant of 2 countries in europe just to get to their jobs. Hell you can fit most of Europe in my state of Texas. Then you add in the high cost of living and commuting to the job... thats why we complain when gas prices go through the roof.

posted by: pylorns on 05.26.04 at 12:49 AM [permalink]

I think you hit the nail on the head Simon. It's our God-given right to have cheap gas. :)

posted by: Ted on 05.27.04 at 03:27 AM [permalink]

And it is also the right of the Chinese, whose oil consumption went up 1 million barrels a day last year.

posted by: hk on 05.28.04 at 11:23 PM [permalink]




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