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To: ConservativeMind
I'm not sure what all of the cause-and-effect relationships are, but to a large degree low oil prices are a symptom of economic strength, not a cause of it. One of the biggest factors in the price of oil is the strength or weakness of the U.S. dollar, and it's no coincidence that the recent slide of oil prices has come at a time when the U.S. dollar seems to be on more solid footing for a number of different reasons.
19 posted on 12/14/2014 8:59:54 AM PST by Alberta's Child ("The ship be sinking.")
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To: Alberta's Child

Actually, the U.S. Dollar is made stronger when we create more items we can successfully sell on the world market. Such items create demand for our dollars and cause more of our dollars to be spent here.

Oil coming from unexpected places in the US is just that sort of paradigm shifter.

Our production of ANYTHING marketable more than could have been anticipated does this. The same thing would be true if our food production magically doubled or our electricity prices shot downward.


38 posted on 12/14/2014 12:26:34 PM PST by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticide, abortion, and euthanasia.")
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