$4.93/Big Mac (9 Jan 2016)
Big Mac basket: $33.62


One Barrel of Oil
Cushing, Oklahoma Crude Oil Future Contract price [source]


vs.

19.2 Big Macs
in December 2005 equal in price to a barrel of light, sweet crude [source]

 or 
6.82 Big Macs
in February 2016 equal in price to a barrel of light, sweet crude [source]


1 December 2005

WHEREAS

forum member wasoxygen has been quite convinced by Julian Simon the Wise that a Paradise of Plenty is nigh upon us, when the streets shall flow with honey and any other Goods and Services which the Invisible Hand shall deem needful; and member uncanuck believes this not necessarily so to be, it is hereby

RESOLVED

that, on December 1, 2015, should the cost in United States Dollars of one barrel of Light Sweet Crude Oil, today valued at $58.75, according to 321energy.com or some other mutually acceptable authority, divided by the average cost in the United States of one Big Mac, today valued at $3.06, according to The Economist or some other reputable source, be greater than 19.2, then wasoxygen shall pay uncanuck the amount of ONE HUNDRED U.S. DOLLARS, and if the ratio shall be less than 19.2, uncanuck shall pay wasoxygen the same amount.




1 February 2016

WHEREAS

on December 1, 2015, the price of one barrel of oil was $41.08, and the price of one Big Mac was $4.79, their ratio stood at 8.58, and the wager entered on December 1, 2005 was decided in favor of wasoxygen. Furthermore, as the principles described by Julian Simon the Wise have been so clearly demonstrated, that wasoxygen is content to enter a double-or-nothing wager, it is hereby

RESOLVED

that, on February 1, 2026, should the cost in United States Dollars of one barrel of Light Sweet Crude Oil, today valued at $33.62, according to 321energy.com or some other mutually acceptable authority, divided by the average cost in the United States of one Big Mac, today valued at $4.93, according to The Economist or some other reputable source, be greater than 6.82 then wasoxygen shall consider the obligation of the 2005 wager forgiven, and if the ratio shall be less than 6.82, uncanuck shall pay wasoxygen the amount of TWO HUNDRED U.S. DOLLARS.