Many pundits (when they can tear themselves away from the primaries for long enough) express complete horror and dismay at the fact that last month oil prices reached $100 per barrel.
However, that still means that it’s cheaper to get half a pound of oil from halfway around the world than it is to mail a 1-ounce letter across the street.
Hahahahaha
How does that work out exactly. I’m not doubting you I just want to know how the math works out.
Soitanly.
A barrel is a unit of volume, and the weight of oil per unit volume can change with temperature, but a good average is around 150kg, or 330 pounds. So a pound of oil at $100 a barrel should be about 30 cents–so I would have gotten away with saying a full pound, actually!