Simple math

They tell us that petrol prices rose more than 200% since 2000. This is a huge crisis. This is a disaster for the world economies. We need to adjust to the new realities and sacrifice. But I just did some calculations last night and I came across different figures. I see some serious increase in oil prices but not a crisis. Where is the truth? Do numbers lie? See for yourselves…

2000
$ 1.00 = € 1.20
Petrol = $ 60.00/barel = € 72.00

2008
$ 1.00 = € 0.62
Petrol = $ 135.00/barel = € 83.70

Change 2000-2008 = +16.25%