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Next: shall I switch to civilised units entirely, and calculate oil in Euros per litre?...

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Wed Mar 12th, 2008 at 02:33:52 PM EST
The (metric) tonne rather than liters or m3 would be the right unit. Volumes vary with temperature, etc. The tonne is also the actual unit of trade for a lot of other commodities.

Plus a tonne of oil is easier to relate to conventional TOE and TPE units.

Facts, selfish little bastards. They don't even care about your feelings.

by Francois in Paris on Wed Mar 12th, 2008 at 03:20:25 PM EST
[ Parent ]
However, a litre is easier to relate to everyday purchase units.

Crude price is still below 0.45 €/l.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Wed Mar 12th, 2008 at 03:43:47 PM EST
[ Parent ]
All the more reasons not to use the liter.

Everybody knows that much of gas price is taxes - a good thing - but it's one of those things much better left a bit in the abstract, to keep people ranting in general - they always do anyway - but not in particulars and specifics.

If you price crude in euros per liter, people would actually realize how much of the retail price is taxes. And then, they would start to have ideas...

The gov should never lie but a little bit of obscurity here and there can be good, pragmatic policy :)


Facts, selfish little bastards. They don't even care about your feelings.

by Francois in Paris on Wed Mar 12th, 2008 at 04:48:33 PM EST
[ Parent ]
Thankyou for a post with graphs and data I could understand.

Crude price is still below 0.45 €/l.

Coca Cola is 0.97 €/l.

Member of the Anti-Fabulousness League since 1987.

by Ephemera on Wed Mar 12th, 2008 at 04:54:07 PM EST
[ Parent ]
How much is mineral water in your neck of the woods?

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Wed Mar 12th, 2008 at 05:09:48 PM EST
[ Parent ]
Evian, which I presume is available EU-wide, is currently  at 42 €/l.

So it's about the same as oil.

(BTW These prices are all taken from the Asda website, which is a fairly cheap grocer, and based on buying a 2l bottle.)

Member of the Anti-Fabulousness League since 1987.

by Ephemera on Wed Mar 12th, 2008 at 05:17:52 PM EST
[ Parent ]
(Gosh, that's 42 cents!)

Member of the Anti-Fabulousness League since 1987.
by Ephemera on Wed Mar 12th, 2008 at 05:19:11 PM EST
[ Parent ]

13 cents for the local stuff (based on 1.5 liter bottle). The better known brands are of course a lot more.
by gk (g k quattro due due sette "at" gmail.com) on Wed Mar 12th, 2008 at 05:21:13 PM EST
[ Parent ]
Somewhere in Italy? Funny, that's cheaper than here, for the cheapest sort, prices averaged end of last year 45 Ft, that is c. 17 Euro-cents.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Wed Mar 12th, 2008 at 05:28:19 PM EST
[ Parent ]
Yes, in the north of Italy. 1.5 litre bottles of Pejo (you've probably never heard of it, as they don't waste much on advertising) costs 20 cents in my local supermarket.

Italians seem to mostly drink the local water, making it a little less bad for the environment than shipping it all over the world (there are still the plastic bottles, of course). There are exceptions. I once got Pejo at a restaurant in Cattolica at full restaurant prices. They probably figured out that they could get a bigger markup with hardly any of their customers noticing. Since then, I always get suspicious when I see non-local, non-San Pellegrino, water at a restaurant.

by gk (g k quattro due due sette "at" gmail.com) on Thu Mar 13th, 2008 at 01:52:11 AM EST
[ Parent ]
...which my above graphs don't reflect:

  • Euro/dollar: 1.5571
  • WTI crude futures: intraday peak $110.20, settled at $109.92. (With nearby in time Euro peak c. €70.7, no record)
  • Brent futures: $106.41 and $106.27.


*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Wed Mar 12th, 2008 at 04:40:30 PM EST
[ Parent ]

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