i truly believe that is part of the problem, but, $150 a barrel is not due to dollar devaluation, and consumption will go down... at what point do they not sell enough product to start losing money???
>as price goes up, global consumption will go down, and at some point, they should start losing money...
Unless, as has been suggested, it’s a result of the dollar devaluing. (i.e. Maybe the oil is staying the same real-price and our imaginary-dollars are simply being valued less.)
i truly believe that is part of the problem, but, $150 a barrel is not due to dollar devaluation, and consumption will go down... at what point do they not sell enough product to start losing money???