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 Funny: Increasingly hard to distinguish crude oil from wine

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Funny: Increasingly hard to distinguish crude oil from wine Vide
PostSubject: Funny: Increasingly hard to distinguish crude oil from wine   Funny: Increasingly hard to distinguish crude oil from wine Icon_minitimeSun Jan 30, 2011 2:32 am
A BOTTLE of Château Pétrus '82 can cost over $5,000, whereas the equivalent volume of crude oil sells for less than 50 cents. Château Brent may taste a tad rough, yet fine wine and crude oil have more in common than you might think. As the chart below shows, their prices have risen and fallen in step in recent years.

Demand-side factors such as a surging global economy and the insatiable needs of China—which has become both the largest car market and the largest export market for Bordeaux wines—have dominated in recent years. Two IMF economists calculate that emerging-market countries have accounted for more than 100% of the increased demand for oil, while falling demand for wine in rich countries is matched by rising demand elsewhere. It seems the Chinese are fast acquiring a cultured palate.

Funny: Increasingly hard to distinguish crude oil from wine 20110122woc0242601388

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