Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Dane
As for the dollar Steve, oil is still sold in dollars so the devaluation has nothing to do with it.

So a dollar that's worth 40% less has nothing to do with the producers wanting more of them for the same amount of a product. I hope you never attempt to run a business, at least not with anybodies money other than your own.

106 posted on 03/02/2004 9:30:34 AM PST by steve50 ("Every decent man is ashamed of the government he lives under." -H. L. Mencken)
[ Post Reply | Private Reply | To 94 | View Replies ]


To: steve50
So a dollar that's worth 40% less has nothing to do with the producers wanting more of them for the same amount of a product. I hope you never attempt to run a business, at least not with anybodies money other than your own.

Not in this case because oil is still priced in dollars. The Saudi's and OPEC can try to get the dollar price up by cutting back on supply. Which it looks like they are doing, but as the price goes up more oil will come onto the market.

But the rise in price of gas isn't in the shortage of crude, but a shortage of refinery capacity and the regulations hampering the refinery capacity even more(i.e different grades of gasoline).

134 posted on 03/02/2004 9:47:53 AM PST by Dane
[ Post Reply | Private Reply | To 106 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson