07-14-08, 08:40 AM
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#32 (permalink)
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Stand and deliver
Join Date: Jul 2003
Location: Perth Western Australia
Posts: 8,087
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Quote:
Originally Posted by re_guderian
Can anyone who says this please post up some data that verifies it? Oil is up 50% this year alone, from Jan to now. How much has the dollar declined in the same period?
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This graph inidcates that if oil was traded in Euro's it would be $80 a barrel right now.
How Do Oil Prices Compare in Other Currencies? - Seeking Alpha
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