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So oil just hit an all-time high of $100.05 a barrel. You probably figured this out when you paid $3.35 a gallon for regular unleaded in California around Christmas.

But the number is pretty abstract to you, right? It is to all of us. Save for you eco-terrorists who drive Hummers, most of us probably don’t buy oil by the barrel, so a price fluctuation from $90 to $100 isn’t going to alarm you much. But it really should.

See, a $10 increase on a barrel of oil generates about $57 billion in extra profit for Saudi Arabia, Dubai et al. Our friends in Russia get about $25 billion richer and Iran gets $10 billion richer. And Venezuela isn’t complaining, earning another $8 billion.

Saudi Arabia, Russia, Iran, Venezuela…? We’re just sayin’.

Anyway, there’s not a lot you can do about the cost of oil on a global level, but there is a lot you can do on a personal level to keep your costs down. Like ride sharing. Split the trip with a friend or two.

Call it your patriotic duty if you must. Your country and planet will thank you.

This entry was posted Tuesday, January 8th, 2008 filed under: yatrips by kumar
tagged with gas, middle east, oil, ride sharing |