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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (19659)	6/12/2002 6:22:41 AM
From: Maurice Winn	Respond to of 74559

Jay, oil is not priced in US$. It's priced in how much people will pay to heat or cool their living spaces, drive their cars, aircraft etc. If US$ are halved in size, the barrel of oil will require twice as many of them to fill the barrel. It's also priced by how much oil Saudi Arabia will produce. If they want more money, they'll have to produce more oil, which will mean they'll have to cut their prices to get people to use more of it and to get a bigger market share. Mq