Oil Price Keeps Rising And Bets Keep Coming

20 Dec 2007

It’s certainly no coincidence, or shouldn’t even surprise anyone, that crude oil is called “black gold”. After all, we use it for almost every major activity and without it we probably wouldn’t survive nowadays for very long. However, one thing that not many people know is that with a current consumption of 84 million barrels per day, which means that our known reserves would be gone in less than 30 years. If you have recently checked up the news, you probably heard more than once that the rising oil prices are causing concern all around the world, but specifically in the US. Online casino sites, of course, wouldn’t let this opportunity pass, as they are no offering related bets

Bodog, for example, one of the biggest online casino sites today, is offering the players the option to bet on whether the price of a single barrel of oil will surpass the $100 mark on the New York Mercantile Exchange and when will that happen. If you think that it will happen on the week that begins on November 30th you could be getting 7 dollars for every 2 you invested

If you’re a bit more pessimistic and think that the $100 mark will be reached even a week sooner then you could be getting a bit more – 11 dollars for every 2 you began with. Another bet available at the online casino deals with the upcoming New Year’s Eve. If you think that you can guess what the closing price of an oil barrel will be on December 31st then you could be making some money too. One way or another, let’s hope that in 30 years from now, we won’t have to be dealing with bets that predict when we will be left out without any oil

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