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Re: Price of oil and US Dollar debasement pining4Lenore  06-26-2008, 12:54 PM | Post #2532834
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Bush's "strong dollar policy" (which actually has the effect of debasing/devaluing the currency) is also part of the energy equation.

Under Bush, our currency, which should be a store of value, has been debased by 30%-60% (depending on which foreign currency you wish to compare it to).  The result as it relates to energy:  oil, which is priced in dollars is about 50% more costly than it should be, had Bush not shirled his duties to NOT TRASH our currency, in the form of vast deficit spending.

Yeah.  Energy should indeed be on the agenda this year.

Topics currency dollar foreign currency oil value View Complete Thread
 
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