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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: redfish who wrote (30285)2/18/2004 10:01:35 AM
From: LindyBill  Respond to of 793917
 
I think the author is missing a very important factor in the price of oil, which is that oil is sold in dollars.

And the Dollar is down. But the only major currency that it is down against is the Euro. Most of the Oil Countries get their trade from America. So that remains a push.

We really make out like bandits by being the world currency.