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<blockquote data-quote="klein" data-source="post: 830672" data-attributes="member: 23950"><p>I just did a quick calcuation on your above statement :</p><p><strong>10 year comparison :</strong></p><p> </p><p>In 2001 the price of oil was $23 barrel</p><p>Now $110 </p><p>equals an increase of 478% or 47.8% average per year.</p><p> </p><p>Compared it with a more solid currency (ours) :</p><p>2001 : C$37 per barrel (=US$ 23)</p><p>2011: C$104 per barrel (= US$110)</p><p>equals an increase of 281% or 28.1% average per year.</p><p> </p><p>Now, Swiss Frank :</p><p>2001 : CHF 42 per barrel (= $23 US)</p><p>2011 : CHF 97 per barrel (= $110 US)</p><p>equals 231% increase, or average of 23.1% per year.</p><p> </p><p>Basically, the increase in oil prices are half as high in other countries, compared to the US.</p></blockquote><p></p>
[QUOTE="klein, post: 830672, member: 23950"] I just did a quick calcuation on your above statement : [B]10 year comparison :[/B] In 2001 the price of oil was $23 barrel Now $110 equals an increase of 478% or 47.8% average per year. Compared it with a more solid currency (ours) : 2001 : C$37 per barrel (=US$ 23) 2011: C$104 per barrel (= US$110) equals an increase of 281% or 28.1% average per year. Now, Swiss Frank : 2001 : CHF 42 per barrel (= $23 US) 2011 : CHF 97 per barrel (= $110 US) equals 231% increase, or average of 23.1% per year. Basically, the increase in oil prices are half as high in other countries, compared to the US. [/QUOTE]
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