I’ve thought about this before…
Oil prices continued to fall today, with two different measures of the commodity’s price hitting five-year lows. Oil can currently be had for $64.10 a barrel in some circumstances.
A barrel of oil is 42 gallons.
Who do you know that could use 42 gallons of freshly drilled oil? Everyone! Oil is important for producing energy, which powers cars and flat-screen televisions through a scientific process known as “pushing the button on the remote control or turning the key in the ignition.”
And what season is it? Christmas season! The season for giving things to people. Do you see where I’m going with this? Oil is this year’s hottest and most affordable Christmas gift.
The practical issues are immense – how would an individual refine the oil? how many people could easily store the barrels? These barrels can’t exactly be bought and sold at Walmart – but it is hard to argue with giving people something they need. Why give superfluous gifts when every driver could use cheap oil?