Oil prices for dummies

June 14th, 2008 by MM2H

Why is Badawi still smiling?

Find out for yourself! You don’t have to be a rocket scientist to pass the test…

 

Meanwhile I filled up my tank of my car with gasoline: from a 3 digit number I now pay a 4 digit number…

The good thing about all this is that motorbike sellers are doing golden businesses: there sales is increasing kind of as much as the oil price is.

All this in a country that is a net exporter of oil… So let’s do the numbers:

Oil producers

oil prices for dummies

 

  1. I produce lots of oil
  2. The international oil prices go up
  3. I make lots of money: I win

 

Non oil producers

 

oil prices for dummies

  1. I don’t produce any oil
  2. The international oil prices hike the gasoline prices
  3. I loose lots of money: I loose

 

Badawi

 

oil prices for dummies

  1. I produce lots of oil
  2. The international oil prices go up AND
    I hike the gasoline prices
  3. I make twice lots of money: I have a win win situation…

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