On Wednesday 30 April 2008 01:51:53 ksalkin wrote:
> I admit I sent my answer before reading of the huge profits of the oil
> companies - they sure are greedy! But I still think the weak dollar comes
> into play in some form for us Americans regarding the price of oil.
>
> Kat
Hi Kat,
I thought the oil market operated in dollars, so a weak dollar impacts the oil
producer not the US consumer. I know OPEC would like to switch the market to
operate in euros, now that would impact US consumers since, as the dollar
weakens, it would cost more to buy the oil in euros.
Cheers
Deri
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