Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Willie Green
It increases because we've become less productive and the trade and budget deficits combine to devalue our currency.

Wow!! An extra 1 million bbls/day will cause our currency to be devalued? That will have a larger effect than an extra 2 million bbls/day sloshing around the world oil market? Interesting theory with no basis in fact.

How about if we produced all 16 million bbls a day we consume and then the Saudi Arabia's oilfields and pipelines were destroyed. What happens to the price of our oil?

36 posted on 11/30/2004 10:28:14 AM PST by Toddsterpatriot (Protectionists give me the Willies!!!)
[ Post Reply | Private Reply | To 35 | View Replies ]


To: Toddsterpatriot
Interesting theory with no basis in fact.

It was custom designed to match the reality of your hypothesis.

37 posted on 11/30/2004 10:36:51 AM PST by Willie Green
[ Post Reply | Private Reply | To 36 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson