From the category archives:

Quick Take

Quick Take: When can I buy "Terror-Free" Gas?

by Veit on February 14, 2007

According to a story on NPR Morning News, the owner of a gas station in Omaha, Nebraska, has started to advertise the gas he sells as “terror free”. As a result, sales have tripled, with customers willing to go a long way to just come to his station for a fill-up (isn’t that a self-defeating purpose?)

Apparently, the gas station owner buys most of his gas from a local refinery that gets its oil supplies from U.S. wells only. Hence his promise to his customers that none of the Arab nations that finance terrorism would see a penny of oil revenue from his station. Whether he can live up to this promise or whether it would even be legally defensible if he gets sued over his claim is a totally different issue given the lack of traceability of oil and gasoline supplies.

Nevertheless, it’s a good (Marketing) idea. I hope he will expand to California soon!

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Quick Take: Leave my dollar bill alone!

by Veit on February 12, 2007

The U.S. Mint released a new $1 coin today. According to a recent survey by AP (Associated Press), three out of four Americans do not want to give up the $1 bill. To which I say: Good so! If you ever walk around Europe with your pockets weighted down by 1 and 2 Euro coins, you really start to value a low denomination bill such as our buck! Of course, I understand the economics behind the Mint’s decision, but I would definitely not want to give up my $1 bills!

An interesting side note: As reported in a blog on the NY Times online site which references PBS Frontline as the source, half of all the latest dollar coins were shipped to Ecuador which adopted the U.S. dollar as its official currency in 2001. Maybe we should just ship all the new ones down there as well, keep the dollar bills and be done with it?

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