Rise in Oil Prices a result of the Decline of the Dollar

Discussion in 'Politics' started by The Professor, Mar 8, 2012.

  1. The Professor
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    The Professor Diamond Member Gold Supporting Member Supporting Member

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    Rise in Oil Prices a Result of the Decline of the Dollar
    By Paul Streitz - American Thinker
    March 7, 2012

    “The rise in oil prices is not due to the laws of supply and demand regarding oil. It is the result of the continued fall of the dollar. As the Federal Reserve creates more money, the value of the dollar falls. As the value of the dollar falls and oil producers demand more and more for each barrel, the price of crude goes up. Despite what the politicians say about the oil companies, the greatest component of the price of gas is the cost of crude. Crude oil is about 67% of the price per gallon, 7% for refining, 11% for distribution and marketing, and 15% for taxes. Blaming the oil companies may be good for politics, but it is not good economics.

    “Pouring more crude into the pipeline is not going to appreciably change the price at the pump. Nor will reducing total car travel cause much difference. The emphasis on the supply and demand for crude does not explain the dramatic increase in the price of gas, which is far above the changes in the demand for crude oil” (more at the following link:)

    Articles: Rise in Oil Prices a Result of the Decline of the Dollar
     
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  2. Weddell08
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    Weddell08 Rookie

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    What he said ^^
     
  3. Skull Pilot
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    Skull Pilot Platinum Member

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    Shhh don't tell the dimwitcrap sheep this then they'll have to stop blaming speculators and oil companies.
     
  4. Full-Auto
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    Full-Auto Gold Member

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    I was thinking this is the optimal time for the blowhard ZEKE to demonstrate his mental prowess on the topic.

    Where you at boy?
     
  5. ScreamingEagle
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    ScreamingEagle Gold Member

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