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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (540)	7/3/2008 1:19:30 PM
From: TimF	Respond to of 86355

Its true that a lot of other factors are involved besides the weaker dollar. The relative decline of the dollar isn't even the number one factor, let alone the only factor, but it still is a significant secondary factor. "Take a look, the dollar has depreciated roughly 24, a little bit less than 25 percent, since February 2002. Oil has gone up well over 500 percent. If oil was 25 percent less, and that lower price filtered through to gasoline prices, there would be a lot less alarm over rising prices. Also the dollar has declined more than 25 percent against other currencies if you go back before February 2002. The oil price may not have been climbing then, at least not rapidly, but the previous decline is still relevant to the current oil price in dollars.