...and start an assembly line to build reactors. Even if the worst estimates of the liberals had been right and ANWR would be now running out of oil, we would still be celebrating energy independence today.
What is everyone upset about. Al Faisal’s job is to advance the interests of his own country. His country, like China, have a great deal of money denominated in Dollars. If the dollar collapses, those reserves lose value. Therefore a falling dollar costs them money and therefore they have no interest in seeing a falling dollar.
The dollar falls for two reasons and they are not equal in influence. The first reason is the mood of the marketplace for trading currency. This is about 70% of motion and defines the demand side of “supply and demand”. The second is American money supply — an out-of-favor parameter that was once followed intently only 20 years ago. It is no longer measured as effectively as it was.