To: Political Junkie Too
My take on oil prices is somewhat different. No one here is addressing the Fed’s impact on oil prices. Oil is traded in US dollars. The Fed has been printing money for the past 4 years, big-time. So the real value of a dollar has been diminished, by how much I couldn’t say. So the sheiks want more of these cheaper dollars for their barrel of oil.
To: Gee Wally
Bingo. The price of gasoline in silver or gold is pretty flat.
86 posted on
10/17/2012 3:51:18 PM PDT by
FreedomPoster
(Islam delenda est.)
To: Gee Wally
Here:
88 posted on
10/17/2012 3:59:37 PM PDT by
FreedomPoster
(Islam delenda est.)
To: Gee Wally
My take on oil prices is somewhat different. No one here is addressing the Fed’s impact on oil prices. Oil is traded in US dollars. The Fed has been printing money for the past 4 years, big-time. So the real value of a dollar has been diminished, by how much I couldn’t say. So the sheiks want more of these cheaper dollars for their barrel of oil. Good point -YES, that impacts price.
92 posted on
10/17/2012 4:39:57 PM PDT by
DBeers
(†)
To: Gee Wally
The Fed has been printing money for the past 4 years, big-time. So the real value of a dollar has been diminished, by how much I couldn’t say. Price of Oil plotted against Price of Gold
105 posted on
10/18/2012 5:40:44 AM PDT by
thackney
(life is fragile, handle with prayer)
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