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While fuel prices continue to ratchet up and put a squeeze on all aspects of the world economy, times are flush within the borders of major oil producing nations. So flush, in fact, that several Emiratis found a total of 9.8 million dollars to indulge in low-number license plates at a recent auction. The fascination with distinctive tags is a world-wide phenomenon, but $926,000 for a plate that says "50G" is uniquely asinine. If that's what our last few fillups helped purchase, we're going to bike more.

[Source: Yahoo]

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    • 1 Second Ago
      • 7 Years Ago
      Remove the if. AB webmasters, if you're listening, for bloody God sake, fix the reply system and give us a chance to edit our comments.
      • 7 Years Ago
      SURE! All the money is going there... hhhhmmmmm... I wonder where Exxon Mobil, Chevron and like are getting their BILLIONS from???? Obviously (Dan Roth aka jewish prick) will go after the arab country's.
        • 7 Years Ago
        I'm not Jewish, nor do I have a problem with Arab countries. It does seem rather ridiculous to spend big money for a low number license plate - and I find it just as ridiculous here in the US.
        • 7 Years Ago
        Sure Dan ROTH, whatever you say... I didnt see any comments on US oil and their executives!?!?! What about them who spend ridiculous amounts on their lavish homes and lifestyles... Arabs do it - BAD, these guys do it - part of the american dream huh...
        • 7 Years Ago
        Hey - the out of whack distribution of wealth worldwide bothers me. It wasn't clear in the source article that the auction was for charity. Whatever you took away from the post that offended you, I'm sorry. I had no racist intent when I wrote the post - thanks for the blatant antisemitism, however misplaced.
        • 7 Years Ago
        There are many ways to settle a debate. This is not one of 'em. Using religion as a shield/bait/call what you may is for pussies and wankers.

        I'm not Jewish, so don't get it into your brain that I'm supporting any particular religion.
      • 7 Years Ago
      The person who wrote that article is an idiot.
      The UAE GPD is based on tourism and less then 20% on OIL.

      Nice bias though
      • 7 Years Ago
      Oil wouldn't be at $120 a barrel if we would regulate the market and not allow speculators to use an essential commodity as a hedge investment.

      Oil is at $120 because of greedy billionare investors, not because of the middle east. Extreme greed in the US and Europe has caused people to give a damn about what happens as long as they can drive the price of oil above the dollar ammount they paid for it.

      There is no supply problem. Supply and demand models can't even hold oil above $40 a barrel. Once the housing market soured the greed brokers just moved into commodities and have created a huge oil bubble. The only solution is to privatize everything and hang a closed sign on Wall Street. All prices will then have to return back to supply and demand, not inflated BS to pad a stock portfolio.
        • 7 Years Ago
        well said.
        And the stupid point of view some people here shows sometimes scares me a lot.
        If its a arabian its a TERRORIST die!die!die!
        And i dont care what the arabians do with their money,they have the oil good for then,i care what we do with ours.
        And until i know all the big oil companys are from USA and Europe.
        They have the product ,but they dont have the ways to extract and industrialize and comercialize outside their own neighborhood,(they had until SOMEONE bombed everthing out) so whos the real money catcher there in the end?
        I know who is the real loser.
        you,me,the dude who uses his car to make a living.
      • 7 Years Ago
      What about all the wealthy Canadians? More of our oil comes from there (than the UAE), so why not make comments and news reports on them? Why do I give a crap how they spend their money?
        • 7 Years Ago
        There are no Canadians buying $9.8 million licenese plates, I guarantee you. Plus the royalties don't go to "royalty", they go to the government, so there's no Alberta Shiek with $150 billion in the bank.
        • 7 Years Ago

        It says a TOTAL of $9.8 million. Not $9.8 million for one plate.
        What about the guy who paid $675K for a Delaware plate? Or the low numbered liscence plates being auctioned in Cape Cod this summer?
      • 7 Years Ago
      Can we stop pretending that every Arab in the Middle East that has money is just getting rich off of oil? A great number of them are just incredibly well invested. Oil did not build every rich Arab in the region.
        • 7 Years Ago
        Not every, just most. Where do you think the majority of that invested money came from?
      • 7 Years Ago
      If it wasn't for me, why did you slot your reply under mine? Oh, and if I'm sorry for the comment on your choice of poor language. Guess I was a bit hot-headed back there.
      • 7 Years Ago
      rar, the war in Iraq is a great investment of U.S. tax dollars.
      It gives us a 24-7 opportunity to kill Isamic Fascist terrorists where they live instead of having to find them after they blow up things in the the U.S. We need to adjust our policy to include the biggest military base ever seen by building it in Iraq. The base will be open for business forever. Every time a bomb goes off the base will be expanded. It will be up to Middle Eastern countries to decide how much of their land will be paved over and occupied by U.S. forces.
        • 7 Years Ago
        @dunkirk: Wow, just wow. You're no better than Shirley Phelps, who I consider to be pretty much the worst animal on this planet right now.
        P.S.: For those who have no idea who she is, Google is your friend.
        • 7 Years Ago
        Go tell that to the families of those who were killed in London on 7/7/05.

        People like you are the reason why the rest of the world despises us.
        • 7 Years Ago
        And what happens when China stops bankrolling our country? We have the largest national debt ever. How do you expect our children to pay for this?
      • 6 Years Ago
      Idiots, thinking that we are jealous.... when we can go to our extortionary DMV, and get one for less than twenty bucks... that, won't piss off our neighbors... inbred, bluebloods.....
      • 7 Years Ago
      License plates, plus guns and bombs for terrorists. That's what our big SUVs and gas guzzling sports cars help buy.
      • 7 Years Ago
      you're an idiot. if you have to ask why, you're even more of an idiot.
      • 7 Years Ago
      Oil is not the enemy and neither are SUVs. Without oil folks we would be in a world of trouble. Take a strong look around you and realize that a majority of your stuff comes from oil, it's not just to fill up your car.
        • 7 Years Ago
        That's the scary part, there are so many petrol chemicals and plastics out there. Makes you wish that we could switch to soy bean based plastics and other chemicals that aren't derived from oil.
        • 7 Years Ago
        True, but without SUVs, we'd use a lot less of that oil, and have a lot fewer oil-related political and environmental problems. This is not a black & white world.
        • 7 Years Ago
        We'd only be in a world of trouble without oil because of our blatant disregard for the consequences of its use. Consequences that affect almost every aspect of our lives today.

        SUVs and the way we waste oil today very much is the enemy. The sooner we lessen our dependence on oil the better off we'll all be.
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