[thinden]

1,033 billion barrels of oil at ~ $60/ per is about a $62 billion deal.

So, 10% cut to the “big guy” is a nice chunk of change

[HippyLoggerBiker]

1,033 BILLION X $60 = $61,980 BILLION = (nearly) $62 TRILLION

[greeneyes]

1,033 billion barrels of oil at ~ $60/ per is about a $62 billion deal.

So, 10% cut to the “big guy” is a nice chunk of change
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I read some predictions the other day that oil is on the way to $200/barrel. Eventually, it seems to me that only the 1% will be able to afford cars/travel and home/property ownership is were they want to push the economy.