"DSK" wrote in message
...
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...

It's deflated in value relative to other currencies. But not relative to
how much oil a dollar will buy...at least until the other "inflated"
currencies have driven the price of oil up. However, this once again has to
do with supply and demand.

If demand from other countries didn't increase while the dollar's value
fell, then the price of oil would actually fall.