To: KantianBurke
The Saudis just adjust their output accordingly, I guess. The OPECers all benefit from high prices, as long as we don't squeal.
32 posted on
03/02/2004 8:33:03 AM PST by
GraniteStateConservative
(...He had committed no crime against America so I did not bring him here...-- Worst.President.Ever.)
To: GraniteStateConservative
Because oil is dollar denominated, the Saudi's benefit is in porportion to the weak dollar. Thus they must charge more because they are paid in Yen and Euros for example.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson