Is it that oil is so expensive, or is it that the dollar is so weak?

Question

This time 5 years ago:

98 cents = 1 Euro

Today:
141 cents = 1 Euro

And the Canadian dollar is equal to the American Dollar?!

Today a barrel of oil is at an all time high, or is it?

Answer 1

We could be using water for fuel, but oil companies would not like that. Someone, some how did away with our new military vehicle that used water for fuel and was displayed in 1965. I saw this vehicle at the US Army Transportation School and called later when there was no gas at the pump to see what had happened. The response was there is no trace. All of our wars in Iraq have been about control of oil.

Answer 2

Oil is at an all time high, but that isn't what is pushing up the gas prices, as much as supply vs demand is.
Large refineries have bought up many of the smaller refineries, and rather than keeping them operational, they decided they could make just as much profit by closing them down and squeezing supply.
There really is no incentive for refiners to boost supply, when it will drop their profit margins along with gas prices. So they keep the supply tight, blame the environmentalists, and most people don't know any better, to think otherwise.

Answer 3

The political correctness answer is inflation.

The obvious answer is that America is loosing out. Liberals and bureaucracies will take us down. You think the Federal Reserve will save you, think again. The people don't own it and the government doesn't own it. It's private and it does not give a hoof unless it has to for its own good about you.

America is all about individualism but when it comes to government, we cannot separate from the rest of the world. We are out of line with our mission statement, the original Constitution.

Answer 4

The oil companies have posted record profits for the past two years.
Profits are calculated after the costs of refining and shipping the crude.
I will leave you to figure out who's got the money.

Answer 5

The dollar has dropped 30% by accident??\

It dropped 6 cent last Wed toward European currencies

Answer 6

the other country's pay the same amount that we do for their oil, but, since the Zionist have taken over our gov, they intend to weaken it to the point we will beg them for mercy, don't anyone remember what the original Rothschild said , quote" I care not what a nations morals or standards are give me control of their monetary system, I will bring them to their knees," so who owns our monetary system?? it is 10 Zionist bankers, all descendants of the original Rothschild??? I am amazed at how many people don't know or care that our monetary system is not a part of our gov, it is a privately owned corp, and has been repeatedly told on T,V, new's papers etc, yet,????
Remember when America falls so will the rest of the world, same as when the roman empire fell and we went into the dark ages,

Answer 7

i think of it is extra to do with the undeniable fact that human beings see oil working out interior the subsequent 50-a hundred years and now the oil agencies and international locations intend to make the main they are able to off of what little is left they additionally ought to pay for sparkling ventures ot defend extra oil for the each and each deposit that dries up Deface the worldwide!!!

Answer 8

Look at the big picture. Currency matters very little as within fifteen years the world will have one currency. It is that oil is so precious. Precious. Not expensive.

Answer 9

If it was a weak dollar, then all other consumer goods would have increased in price at the same rate as oil.

The last time I checked, I wasn't paying triple for the same candy bar I bought about 10 years ago.

Answer 10

Dollar is weak, US is in debt, inflation is coming.