Thoughts on Crude Oil's Record High Above $88 Per Barrel [View article]
The rise in oil price has been significant, though less spectacular, when priced in Euro. The devaluation of the dollar impacts oil first and fastest as it is a rapidly consumed product which is primarily imported. The continuing devaluation of the dollar will continue to compound the escalation of oil prices here.
Thoughts on Crude Oil's Record High Above $88 Per Barrel [View article]