One Salmon Costs More Than Barrel of Oil
bloomberg.com
One Salmon Costs More Than Barrel of Oil
1–7 of 7 posts
Re: One Salmon Costs More Than Barrel of Oil
#2TL;DR: Oil is cheap, Salmon got a little bit more expensive than usual, also Norway.
Re: One Salmon Costs More Than Barrel of Oil
#3TL;DR: Oil is cheap, Salmon got a little bit more expensive than usual, also Norway.
But both of these things have large global repercussions, hence the newsworthiness.
Maybe salmon in particular is a bad proxy because I believe most Salmon, at least in the US, is farm raised, but it demonstrates the increasing prices of fish - a staple food in many regions - due to overfishing.
I think we know the repercussions of oil, but a big way it affects the US is the drop in jobs due to falling oil prices and a misguided massive capital over investment in tar sands.
Re: One Salmon Costs More Than Barrel of Oil
#4Two of Norway's top exports are arbitrarily compared in price? Is that all? Is the price of Norwegian salmon somehow linked to the price of Norwegian oil? Or is this just a meaningless comparison?
I'm sure I can find lots of other Norwegian products that are more expensive than a barrel of oil.
Re: One Salmon Costs More Than Barrel of Oil
#5TL;DR: Oil is cheap, Salmon got a little bit more expensive than usual, also Norway.
But both of these things have large global repercussions, hence the newsworthiness. Maybe salmon in particular is a bad proxy because I believe most Salmon, at least in the US, is farm raised, but it demonstrates the increasing prices of fish - a staple food in many regions - due to overfishing. I think we know the repercussions of oil, but a big way it affects the US is the drop in jobs due to falling oil prices and…
In fact where the oil price spikes led to (in hindsight, over-) investment in new production methods that are now online, Peak Fish (ocean-caught fish) actually passed us by something like a decade ago already. And you can't frack more Bluefin out of the water like you can crude.
Re: One Salmon Costs More Than Barrel of Oil
#6TL;DR: Oil is cheap, Salmon got a little bit more expensive than usual, also Norway.
But both of these things have large global repercussions, hence the newsworthiness. Maybe salmon in particular is a bad proxy because I believe most Salmon, at least in the US, is farm raised, but it demonstrates the increasing prices of fish - a staple food in many regions - due to overfishing. I think we know the repercussions of oil, but a big way it affects the US is the drop in jobs due to falling oil prices and…
Agreed. I'd pay a 10X premium for real, fresh salmon from Norway or Vancouver. So saying it's more expensive than oil isn't saying much
Re: One Salmon Costs More Than Barrel of Oil
#7Also, so is an individual bluefin tuna (10s of thousands of dollars). The article doesn't state why this matters.