[jackbenimble]

This is how it works: the dollar looses value implies imports become expensive

Including oil. The dollar has lost 30% of its value against the Euro and some other major currencies in recent so it is not surprising that oil producers are demanding more of our less valuable dollars for their oil that is just as good as it ever was.

For years the world has used dollars as the reserve currency and has trusted in the faith and good credit of our government. I think we may be moving into a period where that faith wanes and where oil replaces gold as the underlying commodity that gives currency value.

In the meantime, if oil gets too expensive, it is going to choke off that recovery in our manufacturing sector that was driven by the cheap dollar.

[A. Pole]

The dollar has lost 30% of its value against the Euro and some other major currencies in recent

It lost against non-major currencies as well - it lost 30% against Polish zloty.

[icyicym]

I don't get it. How can oil be expensive because of dollar declining against euro ? Last time i checked only euro zone oil producing country was norway and that too in not sizeable amounts.