A Comment About

Who Murdered Cheap Oil?

May 27, 2008 - 12:00 am - by Jane Whitson
ken magalnik
2008-05-27 15:49:48

I offer a simple test.
If lowering value of dollar was reducing its purchasing power and thus increasing oil prices, then countries using currencies with rising values and rising purchasing power should see their oil prices drop. However, oil is rising in dollars, euros, or dinar.