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Subject:
Re: 10 dollar a gallon gas?
From:
Deri James <[log in to unmask]>
Reply To:
Cerebral Palsy List <[log in to unmask]>
Date:
Wed, 30 Apr 2008 09:27:13 +0100
Content-Type:
text/plain
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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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