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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (24834)	5/23/2004 2:29:10 PM
From: bentway	Respond to of 81568

I have to continue to disagree. The price of a barrel of oil reflects it's current perceived value, whether it's paid for with dollars, euros or dinars. That oil is priced in dollars is irrelevant. If the dollar is weak vs. other currencies, it takes more of them to buy that barrel of oil, and less of the other currencies. All imports from countries with stronger currencies increase in price. In 2000, when we still had a strong dollar, .81 dollars would "buy" one euro. Now, it takes 1.2 dollars to "buy" one euro. If we had a dollar as strong as it was in 2000, a barrel of oil would cost approx. 67.5% what it does now, but the seller would be receiving the same value. A $41 dollar barrel of oil would cost $27. Supply and demand play a large part, and it would be best dealt with by reducing demand here. We're total energy pigs compared to the rest of the world.