"J. Clarke" wrote in
:

The price of oil is a counter. If they price it in euros, dollars,
cowrie shells, or gold pressed latinum the price is still the same.


If I am in France, and have to buy oil, I have to convert my euros to
dollars and use them to pay whichever country is selling the oil. At
least, as I understand it the world market is priced in US$/barrel. See,
for instance (watch the wrap)
http://www.praguepost.com/articles/2...-hit-a-record-
high.php

That means that if I can get US$ for fewer units of my particular valuta, I
am ahead of the game.
--
Best regards
Han
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