To: bananaman22
Oil prices currently have less to do with fundamentals and more to do with the exchange rate of the largest producer on the planet.
No, I will not elaborate; please do your own homework.
2 posted on
05/25/2015 12:02:36 PM PDT by
9thLife
(The dream is free. The hustle is sold separately.)
To: 9thLife
But I should add an “imho”, in keeping with my kinder, gentler personality.
3 posted on
05/25/2015 12:03:10 PM PDT by
9thLife
(The dream is free. The hustle is sold separately.)
To: 9thLife
7 posted on
05/25/2015 12:31:44 PM PDT by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
To: 9thLife
Hello 9th, apparently you are the one who didn’t his homework. The largest oil producer on the planet is Saudi Arabia, and their currency is either sand or the Saudi Riyal...
To: 9thLife
Well, you sure know how to flatter yourself. Anyhow, I heard on the radio that Russia is #1 producer. Since oil is traded in US dollars, does not a strong dollar force the price down and a weak dollar force the price up? At least that is how I understand it.
13 posted on
05/25/2015 1:35:17 PM PDT by
Dave W
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