Monday, April 25, 2011

Wheelbarrows of Dollars against Barrels of Oil

If you pull a dollar out of your pocket, you can almost see it shrink before your very eyes.

See:Don't Like a Weak Dollar? Might as Well Get Used to It
Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.

Oil is a commodity. Oil is fungible. The value of the dollar will affect the dollar price of a barrel of oil.

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