ERHC Energy Inc (ERHE)

[tryoty]

Freaky moment!

I was doing a comparison of the Dollar vs. the Yuan at the time AKPO was purchased and compare that to the rise in oil prices since then to better estimate the value of 1B bbls today.

The Dollar traded at 8.1 Yuan to $1 in Jan, 2006. I wanted to know how many cents each Yuan was worth so I divided 1 by 8.1 and got this:

0.12345679012345679012345679 repeating forever.

Freaky!!!! It's irrelevant though, because I didn't end up needing that number. LOL!

I ended up deciding that the exchange rate just means China will put up fewer Yuan's than in 2006 for the same amount of oil, adjusted for the 30% in crude, of course.

That mean 1B bbls that was worth $5B then is worth $6.5B now... a 30% increase.