On Wed, Apr 27, 2011 at 1:31 PM, Jacob <[email protected]> wrote:
> > Oil is traded on the global market in US dollars. When the dollar is > strong, > oil prices are low. When the dollar is weak oil prices are higher. Back in > the summer of 2008, the dollar was as week as it is today... oil prices sky > rocketed.. hence $4 gas. In the fall of 2008 and spring 2009, the dollar > rebounded strongly and oil prices declined. Gas prices dropped to around > $1.50 in some area. Forward to today, weak dollar = high oil prices = high > gas prices. > > Gas is higher in other countries, like Europe, because of taxes. 70% of > france's gas prices is taxes. > > Maybe it is time to trade oil in Euros? > > http://en.wikipedia.org/wiki/Fuel_tax ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336951 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
