Oil Is Cheaper Than Milk and Water WB:@MarkMelin SB:@MatthewOldridge
Oil is now cheaper than bottled water, Bloomberg TV reporter David Ingles noted last week. In fact, with West Texas Intermediate trading under $30 per barrel, it is over 60 times cheaper than a bottle of Perrier sparkling water, which costs $1,850 by his calculations. Ultimately ground water that is filtered and processed into an attractive package driven by image could point to a solution for crude producers. Perhaps they should hire one of the many talented PR firms to boost the “attractiveness” of oil?
Patrick DeHaan, who muses about the energy complex using the Twitter tag @GasBuddyGuy, was quoted observing the much discussed storage problem from a different angle. He said that a single barrel of WTI crude is 3 times cheaper than a steel drum to put it in…
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Source: Oil is cheaper than milk and water – Business Insider