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Born at the Crest of the Empire

Monday, October 15, 2007

Those evil OPEC bastards

You know, after reading yet another story about oil hitting a record high ($86 a barrel Monday,) I gotta wonder if the press will ever mention that a fair part of that rise is due to the total collapse of the US Dollar.

No, the US government does not set the price of oil, but they can (and have) done a number of things to make it all so much worse..... Now, let's go bomb Iran.

posted by mikevotes at 1:36 PM

4 Comments:

  • the declining value (which is to say, increasing inflation) of the US dollar is the main topic of conversation over at the various gold blogs.

    By Anonymous Anonymous, at 2:51 PM  

  • It should be. It's a big, big deal.

    I don't talk about it too much because it's outside my expertise, but I see it as a fundamental weakness going forward.

    By Blogger mikevotes, at 3:09 PM  

  • Pegging the record price of oil to the weak dollar is too nuanced an argument for the screaming-heads on cable news to cover.

    Can you imagine how pissed Joe Sixpack will be fuelin' up his turbocharged monster truck after he gets his wish on the Iran bombing campaign.

    By Anonymous Anonymous, at 12:07 AM  

  • I still remember the Hummer sales after the first one.

    Bush supporters with inadequacy issues went out and bought hummers to drive around the city. Now they're paying for the gas.

    By Blogger mikevotes, at 7:02 AM  

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