It’s called ‘the declining value of the dollar’.
I see it all around.
$6 an lb ground beef.
Jeez these guys are killing us.
Yes. Oil is traded in dollars. As the dollar goes up the price of oil comes down. As the dollar goes down the price of oil goes up. Since the Fed will continue to devalue the dollar right into collapse I think this article is right that the price of oil is likely to stay up just not for the reason they are stating.
We are thinking of buying one of these little beauties as a hedge www.eliomotors.com
$6,800 and 84MPG