a huge chunk of that is how much the US dollar has fallen compared to the euro since the inception (accounting for almost half the difference). Oil is also measured in US dollars no matter where it’s purchased or traded, which makes oil at its highest price partly because the dollar sucks so bad.
April 27th, 2008 at 1:27 pm
a huge chunk of that is how much the US dollar has fallen compared to the euro since the inception (accounting for almost half the difference). Oil is also measured in US dollars no matter where it’s purchased or traded, which makes oil at its highest price partly because the dollar sucks so bad.
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