Forbes explains why falling $ is driving gas up

dogtowner

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or you could just believe the tripe BO&MSM is feeding you

and never mind the strawman about Keystone supposedly being a savior as opposed to it's being a job creator. of course if BO were interested in exports he would be for Keystone. but he's only for himself so never mind.

some holy cow numbers for you to chew on...


For example, if the dollar since 2002 had been as good as the:
• Chinese yuan, the price of oil today would be $82 and a gallon of regular gas would cost about $3.10;
• Euro, the price of oil today would be $77 and regular gas would cost about $2.90;
• Japanese yen, the price of oil today would be $71 and regular gas would cost about $2.75;
• Swiss Franc, the price of oil today would be $63 and regular gas would cost about $2.50.

Even these results miss the full decline in the dollar’s value because the value of all of these currencies, too, have fallen over the past decade. If the dollar had been as good as gold, the price of oil today would be about $20 a barrel, and the price of gasoline would be down near $1 a gallon. That’s right, the lower prices produced by the increase in oil and natural gas production have been disguised by the fall in the value of the dollar.
 
Werbung:
Why Not Both Canadian oil pipeline and Mexican oil pipeline? And we can get off our dependancy on arabic oil.Plus reopen Gulf and Atlantic offshore drilling. And open Florida offshore drilling.
oilfield_mexico_wsj_illustr.gif
 
Werbung:
Why Not Both Canadian oil pipeline and Mexican oil pipeline? And we can get off our dependancy on arabic oil.Plus reopen Gulf and Atlantic offshore drilling. And open Florida offshore drilling.

and Virginia offshore and any other atlantic or pacific states that are interested.
why are we inhibiting it at all ?
 
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