oil...up another 5 bucksnow 147/barrel

[RIROCKHOUND]

Originally Posted by zacs

its more than worldwide demand. look at the value of the dollar over the last 4 years....

Jimmy I agree.
Zacs, it has to be a mix of that, demand to a smaller degree and speculation.

[zacs]

Originally Posted by RIROCKHOUND

Jimmy I agree.
Zacs, it has to be a mix of that, demand to a smaller degree and speculation.

the weak dollar is much more then you realize.

Look at it this way....

5 years ago, 1 dollar bought .9 Euro
today, 1 dollar buys .6 Euro

that is a significant decline.

this means that a dollar today is buying only 2/3 of what it did 5 years ago for any globally traded commodity.

[RIJIMMY]

Originally Posted by zacs

the weak dollar is much more then you realize.

Look at it this way....

5 years ago, 1 dollar bought .9 Euro
today, 1 dollar buys .6 Euro

that is a significant decline.

this means that a dollar today is buying only 2/3 of what it did 5 years ago for any globally traded commodity.

wow - I went to Europe in 2001 and 1 dollar bought @ 1.15 E

[zacs]

Originally Posted by RIJIMMY

wow - I went to Europe in 2001 and 1 dollar bought @ 1.15 E

i know... its crazy. you would think it would be the number one story on the news every night. it barely gets a mention, because i think most Americans don't understand how currency effects things.

It is especially hard for a guy like me that sells imported commodity (seafood). I have to tell this story day in and day out, to people who should understand it. They usually just look at me and scratch their head when I tell them this is the reason their prices are increasing 15% year over year.

[Nebe]

we're screwed... plain and simple.