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Old 09-28-2007, 09:33 AM
 
Location: Michigan
29,391 posts, read 55,465,734 times
Reputation: 22042

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The Dollar's Drop Is Drawing Buyers Into Energy Markets, Sending Oil Above $83 a Barrel


NEW YORK (AP) -- Oil futures rose above $83 a barrel on Friday, approaching record territory as the steadily weakening dollar drew buyers into commodity markets.
The resumption of attacks on oil workers in Nigeria also supported prices, but most analysts said the most significant factor driving oil prices were currency markets and buying by investment funds.

Oil Prices Rise As Dollar Falls: Financial News - Yahoo! Finance (broken link)
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Old 09-28-2007, 09:42 AM
 
6,762 posts, read 11,604,535 times
Reputation: 3028
We are 30 years late getting off oil.
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Old 09-28-2007, 09:43 AM
 
211 posts, read 984,420 times
Reputation: 146
Jimmy Carters policys look better and better every day

(here come the Reaganite oil stock holders to defend the rising cost of oil)
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Old 09-28-2007, 10:00 AM
 
11,135 posts, read 14,160,845 times
Reputation: 3696
Quote:
Originally Posted by tnbound2day View Post
We are 30 years late getting off oil.
NO DOUBT!


Rising oil prices and the falling dollar... Cui Bono?
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