Wednesday, February 27, 2008
Barrel of Gas 67 Euros
Euros are slowly making the US Dollar look like Monopoly money. The exchange rate, as of this blog entry, was .66 cents of Euros for every 1 US dollar. This means that our dollar has become even weaker and the market is trading more and more of these ugly, but high priced, bank notes. If you look to the left side of this page you will see an Oil Price Widget and with it you can calculate what the Euro backed market is paying for a barrel of gas versus what the US is paying. But the scary thing is that for the Euro market to reach 100 Euros per barrel. Americans would be paying 150 dollars per barrel. Please feel free to visit The Apocalypse Papers to check oil prices I know I will.