There’s something slick about the price of oil

I AM not an economist, but I am fairly handy at sums. Consider the following.

There’s something slick about the price of oil
Wed, 23 Apr, 2008 - 01:00
Letters

December ’07: Oil costs $95 a barrel. Exchange rate: $1.25 to €1.

Result: €76 a barrel of oil.

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