b) Correcting U.S. Dollar:
The dollar is at 15 year lows versus a basket of currencies.
The Fed is engineering a cheaper US stocks scenario amidst credit problems in the US.
The correction in USD is reflecting itself in oil prices.
c) Under Invested:
We are reaping the consequences as many big oil companies and state controlled firms have under invested to replenish natural production declines.
By Salvatore_Dali
2007-11-10
Oil Prices & Ramifications(2)
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