[CRBDeuce]

It doesn't matter where it's produced

uhmmmm.....to those who struggle with economics, that may be true! For the rest of us....we will continue to produce where the costs are the lowest! Right now, that's the good ole USA! Watch as factories open right before your eyes! Europe is the HIGH COST producer, partly because of socialism, partly because the only thing that the ECB chases is inflation! They really don't get the concept of marketing...not at all! Especially Germany, where marketing is as foreign a concept as Freedom!

[rednesss]

I wasn't referring to the costs of manufactured goods. Oil is a fungible commodity that is traded globally almost exclusively in U.S. Dollars. There is nothing to warrant speculation that a barrel of oil pulled out of the ground in Texas will cost the U.S. consumer anything less than a barrel of oil pulled out of the ground in Saudi Arabia. Chevron, Exxon, etc. will still get the NYMEX going rate for the oil that is under it's control. Why would they sell a barrel of domestically produced oil for $60 to the U.S. consumer when they could sell it to India for $110???? They are beholden to their stockholders not the American public.

Widgets are an entirely different matter. As our currency falls against the Euro, our widgets become an increasingly better buy to Europe. Thus we would look to see an uptick in our exports of Widgets to foreign markets.