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Economic crisis turns upside down the raw materials’ values

الشروق أونلاين
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Economic crisis turns upside down the raw materials’ values

Believe it or not, the price of oil is much lower than that of Coca Cola, beer or even mineral water.

  •  It appears a little bit exaggerated, but reality is that the value of the “black gold” around which the economic balances and geo-strategies are based and caused the toppling of government s and nations invaded , is less than Coca Cola’s one though its price reached USD 100 a barrel.
  • What was considered the locomotive of the industrial development since the beginning of the first decades of the last century remains, with the actual price, (around USD 50) well under the value of the famous black liquor. So how come? One can ask.
  • The answer is quite simple, the price of the barrel of raw oil (which contains 159 liters) estimated at around USD 50 is twice cheaper than a barrel of Coca Cola (which contains 159 liters) that costs USD 126.
  • Even with the eventuality of that the price of a barrel jumps to USD 150, this value will be lagging behind the price of barrel of a mineral water ( Perrier) estimated at USD 300..
  • The comparison is even startling between a barrel of oil and that of the US ice cream ( Ben and Jerry) whose value is estimated at USD 1600. There is no field for comparison between a barrel of oil and a barrel of the famous perfume “ Channel” as the cost can reach 1.666.560.
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