How will the devalued US dollar effect energy costs this winter?

Question

Bubba (below) Como estas? (practicing for the furure)

Answer 1

I'd say quite significantly because a couple months ago home heating costs were projected to increase 40% this winter... and those projections were based upon a stronger dollar and lower fuels costs at the time.

Answer 2

no longer something --- OPEC gadgets its cost consistent with barrel in USD, so 4 Jacksons is 4 Jacksons Now Canada oil fee much less because of fact a million$Ca == a million$US. some OPEC contributors wished to set the backside cost in Euro and that they simply would desire to. however the certainly cost of oil is set with the aid of world call for --- China, India are using greater oil at present then a year in the past. China has a transforming into midsection class and between the 1st issues demanded is a automobile.

Answer 3

Since a large proportion of energy contracts are denominated in US dollars to begin with, the recent 'weakening' of the dollar relative to other currencies will not have much impact on energy costs - in the US.

OTOH, Canadians and Europeans may find thier costs rising less than they would have otherwise, since thier currencies have recently apreciated relative to the dollar.

Answer 4

Yep.
The value of the dollar is a two-edged sword.
It Helps. & It Hurts.
The US Dollar is still the Most Valued Currency in the World.
Every country wants to have our currency.

Answer 5

Just in time bro,

The US government will announce that it is strengthening the consolidation of North America and touts a fix all, by saying the failed dollar will now be replaced by, a new currency.

Hold on to your hat, the Amero.

Answer 6

Won't effect costs as much as the price of crude will.

Answer 7

A weaker dollar buys less in Saudi Arabia! (and elsewhere)

Answer 8

They will go up along with everything else except our wages.