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To: PAR35
Much of the price 'increase' in oil is a result of the crash of the dollar.

This is how it is usually presented, but believe it or not, I saw one analyst, or perhaps reporter, stating the opposite. They said the dollar is falling because of the rise in oil prices, LOL.

Funny that the dollar showed a small bounce in the last few weeks, while oil kept on going up. Helped by silly Goldman prognostications, no doubt.

52 posted on 05/11/2008 9:43:14 PM PDT by bluefish (Hey! Where did this come from?)
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To: bluefish

The dollar has lost about half of its value against the Euro. At those rates, oil is in the $60/barrel range, which is high, but not that far out of line.


67 posted on 05/12/2008 7:04:56 PM PDT by PAR35
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