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Thursday, February 08, 2007

Norway drop

I pasted the latest data from Norway onto the Oil Shock model (generated earlier last year) below.

The TOD linked story cites a drop of 7.8% from the previous year, which approximates the downward slope shown by the model.


Professor Blogger Eric said...

A few years ago, it was difficult to find synthetic motor oils, and equally difficult to

find someone who admitted to using them. Nowadays, however, you can find synthetic motor

oils on the shelves of Wal-Mart, and other retailers, and the number of people turning to

synthetic motor oils, particularly in light of the recent events affecting fuel prices, has

risen greatly.

So why do people use synthetic motor oils rather than sticking with the old petroleum based

stand-bys which are admittedly cheaper?

1. Let's start with the cost per quart issue. Synthetic motor oils ARE more expensive at

purchase. However, these oils last longer, requiring fewer oil changes. As a synthetic motor

oil outlasts several changes of petroleum based lubricants, the ultimate out-of-pocket cost

of the lubricant is less. This cost savings becomes even greater if you have someone else

change your oil for you rather than doing it yourself!

6:30 AM  

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