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El Chingon posted:Is this related to the appreciation of the US Dollar? I hear this all the time but I fail to make the connection. BTW, this is/will cause a serious drop in american exports. The global oil market and the US Dollar are very strongly linked because the US Dollar is pretty much the de facto currency for international trade and the oil market is about as international as you get. As the value of the dollar continues to strengthen and the value of oil stays constant because of a glut in supply, you can buy more oil with fewer dollars and thus the cost goes down (in US dollars at least). As to a drop in exports, you have to hope that cheap fuel frees up more money for domestic consumption.
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Jan 12, 2016 21:31
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| # ¿ Apr 29, 2024 00:31 |
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