Babeled Gets Some Street Cred

…and Exemplifies the Ongoing Collapse of the Mainstream Media

This past Monday, oil evangelist Jason Morgan wrote a salient piece highlighting the heavy taxation that accounts for the lionshare of European fuel costs.  Well apparently someone was paying attention as the article earned some serious recognition in the Europe Insight blog section of BusinessWeek.  The article, The Surprising Truth About Gas Prices, relies heavily on Mogul Morgan’s analysis – and the its author, Mark Scott, agrees fully with the information Jay offered to the great (albeit few) readers of Babeled.

And now for the moment of truth (you may begin laughing now) … this excerpt was taken from the second paragraph of the BusinessWeek article:

Yet do Europeans really fork out more for gas? In a telling piece, the guys over at Babeled lay out the true costs of gas prices on both sides of the Atlantic. Their conclusion — Europeans in fact pay 95 cents less than Americans before taxes are levied. In the U.S., for example, they reckon about 11% of the final cost per gallon goes to Uncle Sam, compared to 70% of gas prices being pocketed by European governments.

Not bad – not only did Jason earn us a quality back link, we also got a nice little name drop too.  Well done Jay and God help the state of the media.