Thread regarding ConocoPhillips layoffs

A little perspective: WTI is cheaper than Ketchup.

"#A barrel of WTI crude is cheaper than a steel drum to put it in"

"# Crude oil is now cheaper than Walmart’s cheapest value-brand drinking water"

"# A barrel of oil used to get you an hour spa in Four Seasons New York. Now it gets you an hour Thai massage in Bangkok. Guess ur better off being a masseuse."

Items that cost more than oil:

Printer ink: $800,000

Marc Jacobs Perfume: $120,000

Ketchup: $46

"For Reduction of pump prices, there are other components. For increase of pump prices, the oil price is the only component."

Source: Bloomberg

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| 952 views | | 1 reply (July 14, 2016) | Reply
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Thai massage....sweet.....

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