This is quite interesting. Milk worth more than oil. What a concept.
Liberals will be applauding, but if only this was because of the free market instead of Obama interference.
Check it out:
Crude oil is at a 12-year low and that means it’s even cheaper than milk.
The price of one gallon of West Texas Intermediate crude is equivalent to about half a gallon of Class III milk, the benchmark traded on the Chicago futures market. That’s the lowest ratio since 2004.
WTI dropped to $26.19 a barrel in intraday trading Wednesday, the lowest level since May 2003. That’s equivalent to 62 cents a gallon. Milk futures traded at $13.74 per 100 pounds, or $1.18 a gallon.
400 times the price of crude oil: Breast milk is now big business but mothers warn against moves to stop them giving it away to those who need it
- Battle underway to control multi-million pound human breast milk industry
- There is fierce competition between nonprofit and for-profit milk-banks
- Comes amid a shortage of human milk needed for neonatal units in the US
- States looking to impose new rules but companies say mothers have a right to earn money for their milk