MajorUrsa Nov 11, 2007 #2 Quote from crgarcia: So the rise in oil price would be offset by the weaker dollar? More... No, that's the wrong approach . Actually oil isn't getting (much) more expensive but since the dollar is riding to zero and oil is (still) priced in dollars the quoted value has gone up.
Quote from crgarcia: So the rise in oil price would be offset by the weaker dollar? More... No, that's the wrong approach . Actually oil isn't getting (much) more expensive but since the dollar is riding to zero and oil is (still) priced in dollars the quoted value has gone up.
. Actually oil isn't getting (much) more expensive but since the dollar is riding to zero and oil is (still) priced in dollars the quoted value has gone up.