In the past part of the blame for the rising price of oil was placed on supply and demand coupled to the value of the American petro dollar.
The value of the price of oil & the buying power of the American petro dollar are intertwined and related.
When the value of the American dollar decreases the price of oil increases.
When value of the American dollar increases, the value of the price of oil decreases.
The Iran war has helped cover some of this up by pushing some of the blame on the conflict.
The U.S. has no shortage of oil yet with current prices the oil cartel is making money hand over fist on the backs of innocent citizens. The poor are the ones who will suffer the most.
In the past part of the blame for the rising price of oil was placed on supply and demand coupled to the value of the American petro dollar.
The value of the price of oil & the buying power of the American petro dollar are intertwined and related.
When the value of the American dollar decreases the price of oil increases.
When value of the American dollar increases, the value of the price of oil decreases.
The Iran war has helped cover some of this up by pushing some of the blame on the conflict.
The U.S. has no shortage of oil yet with current prices the oil cartel is making money hand over fist on the backs of innocent citizens. The poor are the ones who will suffer the most.