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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Bread Upon The Water who wrote (10433)6/2/2006 11:27:18 PM
From: insitusands  Read Replies (2) | Respond to of 25575
 
Well Bill, If you can get a Stanley Cup Final ticket for US$75 then either it's not the greatest seat, Carolina is not as hockey mad as Edmonton, you have season tickets, or while $75 may be the face value of the ticket good luck getting one at that price. Perhaps all the above are true? In Edmonton I believe that the price for a good ticket i.e. reserved seating which equals expensive seats, would be substantially north of that price. But to answer your question, I'm not sure that prices have increased over 100 times since 112 years ago which would make the present ticket price dear but I of course could be wrong. Society was different then so it is a difficult comparison. My point though, was that a barrel of crude has 40 US gallons of unrefined energy in it. Forty gallons not only contains a whopping amount of energy it is also becoming much more difficult to find and produce each year. Personally, I believe that in the future a barrel of crude will be valued far higher than the privilege of watching a fleeting sporting event.

P.S. Was crude produced back in 1893?