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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (127970)	3/31/2004 6:22:05 PM
From: Rascal	Read Replies (1) \| Respond to of 281500

OPEC’s desire to force the oil price up is almost certainly linked to the falling dollar. All crude is priced in dollars, and exports are thus worth a lot less because the dollar has plunged. Many think that this is one reason why OPEC is happy to see the oil price remain higher than its self-imposed band of $22-28. Possibly, too, Arab-dominated OPEC is rather less enthused by America’s war in the Middle East than George Bush. economist.com Rascal @MishToldMe.com