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

To: expat_panama
OTOH, the dollar fell a hell of a lot more back in '86 and the price of oil just fell right along with it.

That's when OPEC realized they were losing market share and they turned on the spigots. It overcame the weakness in the dollar.

13 posted on 04/03/2005 7:53:55 AM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
[ Post Reply | Private Reply | To 12 | View Replies ]


To: Moonman62
"in '86 ..."  " ...OPEC realized they were losing market share and they turned on the spigots. It overcame the weakness in the dollar."

The part about OPEC turning on the spigots in '86 matches with the fact that the price of oil fell big time.  The part about overcoming the weakness in the dollar doesn't fit with the fact that from '86 to '95 the dollar lost a third of it's value --a much bigger drop than the 'crisis' we got now.

15 posted on 04/03/2005 10:04:26 AM PDT by expat_panama
[ Post Reply | Private Reply | To 13 | 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