Exec: Oil is cheaper than Coca-Cola.
ROME - Current oil prices are not very high and crude is actually cheaper than Coca-Cola, the chief executive of Italy's oil company ENI said in an interview with the New York Times. "Sixty dollars a barrel is not very high," Paolo Scaroni said in the interview published Saturday. "Today, a barrel of oil is worth half a barrel of Coca-Cola. So you should put things into perspective," he said, adding that the fact that consumers had not significantly changed their behavior proved that they were not particularly feeling the pinch.