Quote:
Originally Posted by Red Baron
The current prices have everything to do with the weak dollar. This price trend started when OPEC prices for a barrel of crude were set in Euros rather than the US dollar. That alone has more to with the increaces than demand or refining capacity.
|
Yeah--it's all about the weak dollar. And the dollar keeps declining relative to gold and the Euro, which is pushing oil higher for us. The main problem with the dollar is all that deficit spending Bush is doing--paying for the war with paper money. And the financial picture with the housing market doesn't help, either.
To think the price of oil was $20 a barrel in 2000! Somebody has screwed up in a major way.
I'm waiting for the politicians to start saying what a lot of people are thinking right now--we can't afford to stay in Iraq and have to get out. They have to end the welfare there.