by Steve St. Angelo
SRSRocco Report
The collapse of global oil demand has impacted the price of Canadian Oil Sands to such a degree, the price of a barrel is now cheaper than a 12-pack of Coke purchased at Walmart. According to oilprice.com, the current price of a barrel of Western Canadian Select (oil sands) is $4.47 versus a 12-pack of Coke at Walmart for $5.08.
[…] What a deal… ah? Now, let’s do a simple comparison of the ENERGY CONTENT in a barrel of Canadian Oil Sands vs. a 12-pack of Coke. A barrel of oil equivalent contains 1.4 billion calories of energy. A typical 12 oz Coke can contains 140 calories. If we multiply it by 12, we have 1,680 calories in a 12-pack of Coke.
Doing some simple math:
Barrel Of Oil Equivalent (1,400,000,000 calories) / 12-Pack Coke (1,680 calories) = 833,333.