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

To: BubbaFred who wrote (56640)	11/29/2004 5:59:07 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 74559

US Dollar : Crude Oil : Euro Conversions Take a quick look at the chart on this page: apfn.net Let's extrapolate this data into the present: Year US$/bbl Euro/bbl 2001 21.40 23.91 2002 22.61 23.92 2003 26.97 23.82 2004* 40.00 30.76 Assumes a blended price over the last several months and an exchange rate of 1.3:1 - US$:Euro ** Re: Currency impact only accounts for 25% to 30%, and the rest is from other factors. Currency impact seems to me to be more like 75% of the explanation. If you or anyone has a better chart or conversion tool, I'd be interested in looking at it. Thanks.