"John" wrote in message
...


Price of oil - if the value of the dollar drops by 50% oil cost 100%
more. A $40 bbl of oil now costs $80 add in higher demand and that
accounts for the rest of the inflated price.



I just don't get it. (I am an engineer, not an economist :-) )

The dollar has not dropped by 50%, yet the price of oil has more than
doubled (more if you go back a couple of years).
Plus ... it's a world wide price .... not unique to the US. All countries
are paying much higher prices.

Eisboch