On Thu, 13 Sep 2007 20:01:20 -0400, "Tony"
wrote:
snip
Crude oil hit a record $80 per bbl today, with not even any major war/crisis
interupting oil flow. I can't wait till it goes over $200/bbl, and it costs
$10 per gallon for regular gas.
snip
The flip side of the run-up in oil price is the slip in the value
of the US dollar v the Euro/Pound/Yen etc.

When the price of oil is charted in terms of the Euro/Pound/Yen
and yes gold, there is no spike.

The importance of the oil producers divesting their dollar
denominated securities and beginning to price their oil in Euros
and Yen should now be apparent.


Unka' George [George McDuffee]
============
Merchants have no country.
The mere spot they stand on
does not constitute so strong an attachment
as that from which they draw their gains.

Thomas Jefferson (1743-1826),
U.S. president. Letter, 17 March 1814.