RSSHow much oil it’d take to buy the US
Carolyn Hileman - The Voice | July 16, 2008
At the recent price of $140 a barrel, it turns out to be a mere 400 billion barrels, or just about the combined reserves of Iran and Saudi Arabia.
By Scott Burns
Most of us view the world through dollar glasses. It’s perfectly reasonable. Dollars, after all, are the currency we use in daily life. And those lenses, until recently, were distinctly rosy.
When we asked, “How much is that in dollars?,” we usually liked the answer.
But it may be time to ask another question: “How much is that in barrels of oil?”
Trust me, others are doing exactly that.
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