Your oil dollars at work - $9.8 million license plate auction in the UAE

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]