Quote Originally Posted by wm View Post
Rather than dig up some international conspiracy to jack up oil prices, there may be a simpler answer here. Oil is, I believe, traded in US dollars. The US dollar is at an all time low in the international currency market. If I have to buy a lot of my stuff in Euros or Yen, then don't I need to sell my oil for a whole lot more $$ these days? Or am I just being simple minded?
Oil may not be traded on the US Dollar much longer. LINK