Webutante
2008-05-28 04:49:40
Author’s note: This article is about supply and demand of the U.S. dollar and the effect that supply and demand has on hard assets, especially and currently here on oil and gas.
None of this is meant to deny the need for new U.S. refining capacity, or finding additional domestic sources of oil and gas say in ANWR and other parts of the Continental Shelf, or developing energy alternatives and promoting conservation. It is further not meant to deny growing demand in Asia and other parts of the world that are triggering tighter margins and pushing up prices.
But the underlying theme here stands: it’s all about the dollar, stupid.
