I cant remember any commodity other than oil that we need dollars for.
the increase in dollars should make oil cheaper, right? Cuz if oil is sold in dollars, then there is cash to buy oil.
Yet it is supply that is affecting oil prices. Demand has not changed much at the start, but now demand is affected daily because of impending increase in oil costs.
as long as the dollar is the world oil reserve currency, the world needs dollars.
if they went off the dollar, the over abundance of dollars would reduce the value of the dollar and printing should stop because we arent trading it back and forth. It is unused.
yet, are we hearing how an overabundance of dollars now is causing anything?
How does the overprinting of dollars cause an oil well to be shut down?
To switch from a pipeline to a truck to ship oil which raises all prices of raw materials and finished product?
I can only blame much or our economic downturn on intentional policy related to green energy and international skullduggary, so, I have a mental block on how extra money that we cant see spent nor do we have access to can affect supply and demand.
the normal rules aren’t applying, I am locked in the traditional causes of wages and costs are not adding up to what we are seeing.
and I can see nothing but some intentional action by our government to shut us down through a series of seemingly unconnected events that all affect each other naturally due to a butterfly effect of economics and international subterfuge.
There is a lot of “petrodollar” noise is nonsense. Oil is 1% of all dollars traded. ONE PERCENT.
‘the increase in dollars should make oil cheaper, right? Cuz if oil is sold in dollars, then there is cash to buy oil.’
As inflation is the discussion, the glut of cash makes the dollar less desirable, worth less in comparison to the scarcer product, oil, being purchased.
You can’t fuel your vehicle with cash, or eat cash, no matter how much you have. Those who sell oil or food would need wheelbarrows full to cover their costs in turn.