Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dennis Roth who wrote (26672)	10/28/2003 9:20:13 AM
From: Tomas	of 206102

How Will a Weakening U.S. Dollar Affect the Oil Markets? Raymond James' Energy “Stat of the Week”, October 27 "When adjusted for the euro/dollar exchange rate, however, the price of oil to European consumers is down a whopping 39% since late 2000. This is the equivalent of European oil prices declining from $35.40/Bbl to $21.56/Bbl." "A natural response for OPEC would be to make an upward adjustment to its dollar-denominated target price band. This band (which is based on a “basket” of OPEC crudes) has been set at $22-$28 in March 2000 and implies a WTI price of $24-$30. Since March 2000, the euro-adjusted value of the band has been effectively reduced by 18% due to the dollar’s exchange rate. To compensate for this currency effect, OPEC would have to set its new band at $26-$33 to make up for the lost buying power of the U.S. dollar. This would imply a revised WTI price band of $29-$36." beacon1.rjf.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next