Your reply overlooks the fact that the seller will demand a greater
number of US dollars for a bbl of oil when that currency is weak.
NOYB wrote:
Nope again.
You just flunked freshman econ... again... will you (and the rest of the
Bush-Cheney cheerleaders) ever learn?
... What drives the price is competition from competing currencies.
That is a factor, yes.
Not the deflated value of the dollar.
Ahem... look up the definition of "deflated" with respect to currency...
and re-think this statement... actually, don't "re-" think it, think for
the first time...
DSK
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