2007-10-23

Oil prices are high because oil prices are high

It's not because the US Dollar is falling - although that does influence it.

Click here to view this revelation from The Oil Drum.

Basically the article from The Oil Drum compares the price of oil to all major currencies, ranging from the Euro to the cute little New Zealand dollar. What it shows is incontrovertible - oil prices are going up relative to ALL major currencies.

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